---
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"
generated_at: "2026-05-19T11:36:47.911885+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Classover closes $11M initial tranche of $500M note financing; doubles Solana holdings

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 3.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-004518
- JSON: https://secwatch.observer/filing/0001477932-25-004518.json
- Plain text: https://secwatch.observer/filing/0001477932-25-004518.txt

## Key facts
- Debt Financings
  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
  source text: On June 6, 2025, the Company consummated the initial closing of $11 million of Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2022308/000147793225004518/0001477932-25-004518-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.