Tue, Apr 29, 8:33 PM (16 days ago)
**Classover Holdings, Inc. (KIDZ) 10-K Summary** **Financial Performance (2024):** - **Revenue:** $0 - **Net Income:** -$238,000 - **Operating Expenses:** $238,000 - **Earnings per Share (EPS):** -$2.38 (Class B Common Stock) **Strategic Overview:** - Classover Holdings, Inc. was incorporated in May 2024 and completed a business combination with Class Over Inc. on April 4, 2025. - The company is an emerging growth company, eligible for certain reporting exemptions under the JOBS Act. **Future Outlook:** - The company has not commenced operations and does not generate revenue. - Management plans to fund working capital needs through the BFAC Sponsor and its affiliates. **Risk Factors:** - The company faces substantial doubt about its ability to continue as a going concern due to insufficient liquidity. - The company's stock may be less attractive to investors due to exemptions from certain reporting requirements. **Financial Condition:** - **Assets:** $2,000 - **Liabilities:** $238,000 - **Stockholders' Equity:** -$236,000 **Market Position Changes:** - The company issued shares of Class A and Class B Common Stock, as well as Series A and Series B Preferred Stock, as part of the business combination and subsequent transactions. **Note:** The company's financial statements were prepared assuming it will continue as a going concern, despite current liquidity issues. Management plans to address these concerns through funding from the BFAC Sponsor.