Classover Holdings, Inc. (KIDZ): debt financing — Classover closes $11M initial tranche of $500M note financing; doubles Solana holdings

Classover Holdings, Inc.

Initial $11M closing under $500M senior secured convertible note; convertible at $7.36, 7% interest, due June 2027.
80% of net proceeds allocated to purchase Solana (SOL) tokens; total SOL holdings doubled to 13,189 SOL.
Company must hold Aug 2025 shareholder vote to approve issuance >19.99% of common stock; CEO voting agreement in place.
Notes secured by all assets including crypto; rank senior to all existing and future debt.

item 1.01 item 2.03 item 3.02 item 3.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Classover Holdings, Inc. incurred senior notes of $11 million with the Buyer at 7% per annum maturing June 6, 2027.

Instrument: senior notes
Principal: $11 million
Counterparty: the Buyer
Rate: 7% per annum
Maturity: June 6, 2027
Event: incurrence

Exact text from the filing

On June 6, 2025, the Company consummated the initial closing of $11 million of Notes.

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Classover Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-25-004518

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.