Classover, a US-listed company, plans to raise $500 million to build a strategic reserve for SOL enterprises

Odaily News Classover, a Nasdaq-listed education technology company, announced that it has signed a securities purchase agreement with Solana Growth Ventures LLC, planning to raise up to $500 million through the issuance of senior secured convertible notes, and use up to 80% of the net proceeds to purchase Solana blockchain's native token SOL. Classover CEO Stephanie Luo said the move marks an important milestone in the company's strategic construction of a SOL-based corporate reserve. After the news was released, Classover's stock price rose 39.85% on Nasdaq on Monday, closing at $3.72. (The Block)