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.

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