Classover enters up to $500M convertible note deal to fund SOL treasury; bought 6,472 SOL for ~$1.05M

Classover Holdings, Inc.

• Securities Purchase Agreement with Solana Growth Ventures LLC for up to $500M in senior secured convertible notes; initial $11M closing pending conditions.
• Notes convertible at 200% of prior day's closing price; 7% interest payable quarterly, due two years from issuance.
• Company must use 80% of net proceeds to purchase SOL (Solana); already acquired 6,472 SOL for $1.05M as first step.
• Total potential financing capacity now $900M including previous $400M equity purchase facility; CEO Hui Luo to vote shares in favor at special meeting.
• Chardan Capital Markets acting as sole placement agent with 1% cash fee on net proceeds.