Classover Secures $100M Equity Facility to Fund AI Compute Expansion
Classover agreed to sell up to $100 million of Class B common stock under a facility with Chardan Capital Markets, pending shareholder approval. Proceeds will fund AI compute infrastructure, GPU cloud platforms, data centers and support a rebrand to KIDZ AI Inc.
1. Equity Purchase Facility Agreement
Classover entered into an agreement with Chardan Capital Markets to sell up to $100 million of Class B common stock, subject to stockholder approval and customary terms, providing immediate capital flexibility.
2. Strategic AI Infrastructure Expansion
The company intends to deploy proceeds into high-performance GPU compute infrastructure, NeoCloud platforms for AI inference hosting and model deployment, and data center partnerships to build a scalable AI ecosystem.
3. Proposed Rebranding to KIDZ AI Inc.
To reflect its transformation into a diversified AI infrastructure provider, Classover plans to rebrand as KIDZ AI Inc., aligning its corporate identity with its new focus on GPU computing, cloud services, and data center ecosystems.