Classover completes initial sol purchase and enters into new purchase agreement to sell up to $500 million of notes to accelerate sol treasury strategy

New york, ny / access newswire / june 2, 2025 / classover holdings, inc. (nasdaq:kidz, kidzw) ("classover" or the "company"), a leading provider of live, interactive online learning, today announced it has entered into a securities purchase agreement with solana growth ventures llc for the issuance of up to $500 million in senior secured convertible notes, advancing its strategic initiative to build a solana (sol)-based treasury reserve key highlights: - the securities purchase agreement provides for the issuance of up to $500 million in senior secured convertible notes. an initial closing and funding of $11 million is expected to occur promptly after customary closing conditions have been satisfied.
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