Classover Holdings has struck a deal with Solana Growth Ventures to issue up to 500 million USD in convertible notes. The initial payment of 11 million USD will be made once conditions are fulfilled.
Up to 80% of the raised funds must be used for purchasing SOL tokens, demonstrating Classover’s dedication to enhancing its treasury reserve.
Facing a low current ratio of 0.02, Classover’s commitment to integrate Solana into its financial strategy is crucial, especially given its recent financial struggles.
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