secwatch.observer — SEC 8-K summary
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Issuer:     Classover Holdings, Inc. (KIDZ)
CIK:        0002022308
Form:       8-K
Filed at:   2025-12-30T23:59:59+00:00
Accession:  0001477932-25-009247
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Classover exchanges $2M notes for Series C Preferred; redomesticates to Nevada
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- Exchanged $2M of Senior Secured Convertible Notes (issued June 2025) for 2,000 shares of Series C Preferred Stock under Section 3(a)(9).
- Series C Preferred has a 7% annual dividend payable in common stock or capitalized; convertible at $0.2029/share with a floor of $0.04058.
- Conversion price subject to anti-dilution adjustments; trigger events increase dividend to 18% and allow alternate conversion at a discount.
- Redomestication from Delaware to Nevada effective Dec 24, 2025; no change in business or management; KIDZ and KIDZW continue on Nasdaq.
- Company must seek stockholder approval by March 31, 2026 for all shares issuable upon conversion of Series C Preferred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2022308/000147793225009247/0001477932-25-009247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2022308/000147793225009247/class_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-009247

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