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Classover Holdings Board Approves Termination Of $400M Equity Purchase Facility Agreement With Solana Strategic Holdings

Benzinga·03/02/2026 12:59:25
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Digital Asset Treasury Strategy no longer viewed by the Company accretive under current market conditions

Termination eliminates potential share dilution

Capital to be redirected toward AI and robotics initiatives

NEW YORK CITY, NY / ACCESS Newswire / March 2, 2026 / Classover Holdings Inc. (NASDAQ:KIDZ)(NASDAQ:KIDZW) ("Classover" or the "Company"), a leader in educational AI, today announced that its Board of Directors has unanimously approved the termination of its $400 million Equity Purchase Facility Agreement with Solana Strategic Holdings LLC, formally ending its Solana-focused digital asset treasury strategy.

The Board determined that, under current market conditions, this approach no longer represents an accretive use of capital. By terminating the facility, Classover eliminates the potential for significant share dilution while creating flexibility for strategic capital deployment aligned with its core mission.

Classover is redirecting investment toward artificial intelligence and robotics-areas the Board identifies as primary drivers of long-term growth and shareholder value. The Company maintains a healthy balance sheet with no imminent liquidity needs, and has not sold its existing Solana holdings or staking yields. These positions will be evaluated over time and may be divested when conditions and capital priorities warrant, with proceeds reinvested into AI and robotics development.