Public company Classover signs a $400 million equity purchase protocol, launching a financial strategy based on SOL.

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PANews May 1st news, according to Chainwire reports, online learning provider Classover Holdings, Inc. (Nasdaq: KIDZ, KIDZW) announced that it has signed a stock subscription agreement with Solana Strategies Holdings LLC. Under this agreement, the company will sell up to $400 million of Class B common stock. The proceeds from this stock 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 initiative, subject to certain restrictions, Classover will allocate a significant portion of the proceeds from the sale of any shares through this agreement to purchase, hold long-term, and stake SOL tokens - making it one of the first publicly listed companies to directly include SOL in its core reserve business. Additionally, the company plans to operate SOL validation nodes to contribute to the network’s decentralization and security while earning on-chain staking rewards.

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GateUser-7d7027d3vip
· 05-01 12:52
Bull Run 🐂
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