Classover Holdings completes SPAC merger; PIPE raises $3.23M; new board appointed

Classover Holdings, Inc.

Business combination with Battery Future Acquisition Corp closed April 4, 2025; Pubco becomes holding company with BFAC and Class Over as subs.
PIPE investment of $3.23M net; 3,400 Series B Preferred shares issued, with warrants for up to $1.52M additional.
Former BFAC directors resigned; new board includes CEO Hui Luo, Yan Zhang, Tracy Xia, Mona Liang, Amanda Chang.
Lock-up: Class A shares restricted 12 months; certain Class B shares restricted 6 months post-closing.
3,514,769 BFAC shares redeemed in connection with merger; 15,733,342 Class B shares outstanding post-closing.

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