Listed company Classover signed a $400 million equity purchase agreement to launch a SOL-based financial strategy "
On May 1, online learning provider Classover Holdings, Inc. (Nasdaq: KIDZ,KIDZW) announced that it has entered into an equity subscription agreement with Solana Strategies Holdings LLC. Under the agreement, the company will sell up to $400 million of Class B common stock. Proceeds from this equity subscription will be used to support the company's Solana-centered digital asset reserve strategy, as well as for working capital and strategic acquisitions. Under this move, Classover will allocate a significant portion of the proceeds from any stock sale through the agreement to purchase, long-term holding and pledge SOL tokens, subject to certain restrictions-making it one of the first listed companies to directly incorporate SOL into its core reserve business. In addition, the company also plans to operate SOL verification nodes to assist network decentralization and security while earning on-chain pledge rewards.
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