Summary
- Nasdaq-listed Classover reportedly signed an agreement to issue convertible bonds worth $500 million to acquire Solana.
- The initial funding for this agreement is stated to be $11 million.
- Up to 80% of the net proceeds will reportedly be used to purchase Solana (SOL).
According to WuBlockchain on the 3rd (KST), Classover Holdings, a Nasdaq-listed online education company, has signed an agreement to issue $500 million in senior secured convertible bonds with Growth Ventures for purchasing Solana (SOL).
Initial funding totals $11 million, and up to 80% of net proceeds must be used for Solana acquisition.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
