Classover Holdings Enters $100M Equity Purchase Agreement

Classover Holdings entered into an equity purchase facility agreement with Chardan Capital Markets. Under the agreement, the Company may sell up to $100M of its shares of Class B common stock, subject to the terms and conditions set forth in the agreement, including obtaining stockholder approval. The Company intends to use the proceeds from the facility to support its expansion into AI core compute infrastructure, high-performance GPU cloud platforms, and data center ecosystems. The facility is expected to provide Classover with additional capital flexibility as it evaluates and pursues strategic opportunities in AI infrastructure and cloud-based compute services. The Company plans to deploy capital from the facility across several key areas, including: AI Compute Infrastructure Development: Deploying high-performance GPU assets to provide access services for customers requiring dedicated compute capacity, while building a scalable AI infrastructure network. NeoCloud Platforms and Cloud Services Operations: Developing NeoCloud partnership ecosystems and offering AI inference hosting, model deployment, and cloud-based compute leasing services. Data Center and Strategic Investment Partnerships: Investing in AI data center assets and pursuing strategic acquisitions and partnerships involving AI-native compute ecosystems and key infrastructure components. Reflecting its planned transformation into a diversified AI infrastructure and compute platform, Classover intends to rebrand as "KIDZ AI Inc." The proposed rebrand is expected to align the Company's corporate identity with its strategic expansion into high-performance GPU computing, NeoCloud platforms, AI-native cloud services, data center ecosystems, and next-generation AI infrastructure.