{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-25-004518","form_type":"8-K","ticker":"KIDZ","cik":"0002022308","company_name":"Classover Holdings, Inc.","filed_at":"2025-06-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.696550+00:00","generated_at":"2026-05-19T11:36:47.911885+00:00","sec_items":["1.01","2.03","3.02","3.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Classover closes $11M initial tranche of $500M note financing; doubles Solana holdings","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-25-004518","json":"https://secwatch.observer/filing/0001477932-25-004518.json","markdown":"https://secwatch.observer/filing/0001477932-25-004518.md","text":"https://secwatch.observer/filing/0001477932-25-004518.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2022308/000147793225004518/0001477932-25-004518-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2022308/000147793225004518/class_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T11:36:47.911885+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9cbd7c99688a9e4a49039bee41945e19adce43d8","claim":"Classover Holdings, Inc. incurred senior notes of $11 million with the Buyer at 7% per annum maturing June 6, 2027.","evidence_excerpt":"On June 6, 2025, the Company consummated the initial closing of $11 million of Notes.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2022308/000147793225004518/0001477932-25-004518-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$11 million"},{"label":"Counterparty","value":"the Buyer"},{"label":"Rate","value":"7% per annum"},{"label":"Maturity","value":"June 6, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}