🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
Nasdaq-listed company Classover plans to raise $500 million to establish SOL reserves.
Gate News bot message, Nasdaq-listed education technology company Classover Holdings Inc. announced on Monday plans to raise up to $500 million to build SOL reserves. Subsequently, the company's stock price rose by 39.85%.
The company stated in a press release that it has signed a securities purchase agreement with Solana Growth Ventures LLC to issue up to $500 million in senior secured convertible bonds. It is expected that the first tranche closing will occur shortly after meeting customary closing conditions, raising $11 million.
According to the trading terms, Classover must use up to 80% of its net proceeds to acquire SOL.
The latest financing arrangement is based on the $400 million equity acquisition agreement previously announced by Classover, bringing the company's total potential financing capacity for acquiring SOL to $900 million.
Classover was founded in 2020 and focuses on providing online live education for K-12 students. The company launched its SOL financial strategy last month, aimed at "enhancing its balance sheet through high-performance, scalable digital assets."
Source: The Block