Classover explores Solana treasury strategy amid revenue decline, $7M loss, going concern

Filed April 1, 2026 · Period ending December 31, 2025 · Compared to 10-K Apr 29, 2025 · ~1 min read

Key Changes

• high

  Company disclosed substantial doubt about ability to continue as a going concern for next twelve months, citing $7.0M net loss and reliance on $500M convertible note facility to fund operations.

  MD&A: Going Concern verify on EDGAR →
• high

  Adopted Solana-centric treasury strategy with 58,601 SOL tokens ($7.3M cost basis) purchased using 80% of convertible note proceeds; $1.6M fair value decline recognized in 2025 earnings.

  Business: Digital Asset Strategy verify on EDGAR →
• high

  Revenue declined 8% to $3.4M driven entirely by loss of $300K related-party consulting contract; core K-12 online education revenue remained flat despite 19% user growth to 72,850 registered students.

  MD&A: Revenue Performance verify on EDGAR →