Classover secures $100M equity facility with Chardan at 4% discount to market price

Filed May 22, 2026 · Period ending May 21, 2026 · ~1 min read

Key Changes

• high

  Company can now sell up to $100M of new Class B shares to Chardan Capital Markets at its discretion, providing flexible capital access but diluting existing shareholders at 4% below market price.

  Item 1.01 verify on EDGAR →
• high

  Share issuance capped at 19.99% of current outstanding shares without shareholder approval per Nasdaq rules; investor ownership limited to 4.99% (expandable to 9.99% with notice).

  Item 1.01 verify on EDGAR →
• medium

  Company must register shares for investor resale within specified deadlines or face liquidated damages payments, creating potential financial penalties for administrative delays.

  Item 1.01 verify on EDGAR →