debt
confidence high
sentiment neutral
materiality 0.55
KIDZ AI issues $1.9M senior secured convertible note to Solana Growth Ventures
Classover Holdings, Inc.
- Additional closing under May 30 2025 SPA; $1,900,000 principal at 7% annual interest, matures 9/17/2028.
- Convertible into Class B common stock at $3.672/share, subject to adjustment; holder option.
- Note senior secured, first-priority perfected interest; interest payable quarterly (cash/PIK/stock).
- Proceeds $1.9M less placement agent fees and expenses; unregistered sale per Section 4(a)(2).