Class Over and Battery Future Successfully Complete Business Combination
Class Over Inc. and Battery Future Acquisition Corp. (BFAC) have completed their previously announced business combination. The merged entity will operate as Classover Holdings, Inc. and trade on the Nasdaq Stock Market under the symbols 'KIDZ' (Class B Common Stock) and 'KIDZW' (Warrants).
The online education platform will maintain its current management team, with CEO Hui Luo leading the company. The merger aims to accelerate growth and capitalize on opportunities in the educational technology sector. Legal counsel was provided by RPCK Rastegar Panchal LLP for Classover and Graubard Miller for BFAC.
Class Over Inc. e Battery Future Acquisition Corp. (BFAC) hanno completato la loro combinazione aziendale precedentemente annunciata. L'entità risultante opererà come Classover Holdings, Inc. e sarà quotata sul Nasdaq Stock Market con i simboli 'KIDZ' (Azioni Ordinarie di Classe B) e 'KIDZW' (Warrant).
La piattaforma di educazione online manterrà il suo attuale team di gestione, con il CEO Hui Luo che guiderà l'azienda. La fusione mira ad accelerare la crescita e a capitalizzare le opportunità nel settore della tecnologia educativa. L'assistenza legale è stata fornita da RPCK Rastegar Panchal LLP per Classover e da Graubard Miller per BFAC.
Class Over Inc. y Battery Future Acquisition Corp. (BFAC) han completado su combinación empresarial previamente anunciada. La entidad fusionada operará como Classover Holdings, Inc. y se cotizará en el Nasdaq Stock Market bajo los símbolos 'KIDZ' (Acciones Comunes Clase B) y 'KIDZW' (Warrants).
La plataforma de educación en línea mantendrá su equipo de gestión actual, con el CEO Hui Luo liderando la empresa. La fusión tiene como objetivo acelerar el crecimiento y capitalizar las oportunidades en el sector de la tecnología educativa. El asesoramiento legal fue proporcionado por RPCK Rastegar Panchal LLP para Classover y por Graubard Miller para BFAC.
Class Over Inc.와 Battery Future Acquisition Corp. (BFAC)는 이전에 발표한 사업 결합을 완료했습니다. 합병된 실체는 Classover Holdings, Inc.로 운영되며, Nasdaq Stock Market에서 'KIDZ' (클래스 B 보통주) 및 'KIDZW' (워런트) 기호로 거래됩니다.
온라인 교육 플랫폼은 현재의 경영진을 유지하며, CEO인 Hui Luo가 회사를 이끌 것입니다. 이번 합병은 성장을 가속화하고 교육 기술 분야의 기회를 활용하는 것을 목표로 하고 있습니다. Classover를 위한 법률 자문은 RPCK Rastegar Panchal LLP에서, BFAC를 위한 법률 자문은 Graubard Miller에서 제공했습니다.
Class Over Inc. et Battery Future Acquisition Corp. (BFAC) ont terminé leur combinaison d'affaires précédemment annoncée. L'entité fusionnée opérera sous le nom de Classover Holdings, Inc. et sera cotée sur le Nasdaq Stock Market sous les symboles 'KIDZ' (Actions Ordinaires de Classe B) et 'KIDZW' (Warrants).
La plateforme d'éducation en ligne conservera son équipe de direction actuelle, avec le PDG Hui Luo à la tête de l'entreprise. La fusion vise à accélérer la croissance et à tirer parti des opportunités dans le secteur de la technologie éducative. Les conseils juridiques ont été fournis par RPCK Rastegar Panchal LLP pour Classover et par Graubard Miller pour BFAC.
Class Over Inc. und Battery Future Acquisition Corp. (BFAC) haben ihre zuvor angekündigte Unternehmenszusammenlegung abgeschlossen. Das fusionierte Unternehmen wird als Classover Holdings, Inc. agieren und an der Nasdaq Stock Market unter den Symbolen 'KIDZ' (Klasse B Stammaktien) und 'KIDZW' (Warrants) gehandelt.
Die Online-Bildungsplattform wird ihr aktuelles Managementteam beibehalten, wobei CEO Hui Luo das Unternehmen leitet. Die Fusion zielt darauf ab, das Wachstum zu beschleunigen und Chancen im Bereich der Bildungstechnologie zu nutzen. Die rechtliche Beratung wurde für Classover von RPCK Rastegar Panchal LLP und für BFAC von Graubard Miller bereitgestellt.
- Successful completion of SPAC merger provides access to public markets
- Nasdaq listing enhances visibility and trading liquidity
- Existing management team retained, ensuring operational continuity
- None.
Combined Company to Operate under the Name "Classover Holdings, Inc."
Class B Common Stock and Warrants of Classover Holdings are anticipated to begin trading on the Nasdaq Stock Market under the symbols "KIDZ" and "KIDZW," respectively
NEW YORK, NY / ACCESS Newswire / April 7, 2025 / Class Over Inc., a leading online education platform ("Classover"), and Battery Future Acquisition Corp., a SPAC ("BFAC"), announced today they have completed their previously announced business combination. The combined company has been named Classover Holdings, Inc. and its Class B Common Stock and Warrants are expected to trade on the Nasdaq Stock Market under the symbols "KIDZ" and "KIDZW," respectively. Classover will continue to provide world class educational technology under the leadership of its current management.
"Today marks a historic milestone in the evolution of our company. We expect this strategic move to accelerate our growth and position us to meet the rising demand in the educational technology industry. We look forward to leveraging this opportunity to drive innovation and growth while delivering long-term values for our shareholders," said Hui Luo, Classover's Chief Executive Officer.
RPCK Rastegar Panchal LLP acted as counsel to Classover. Graubard Miller acted as counsel to BFAC.
About Classover
Founded in 2020 and headquartered in New York, Classover has rapidly emerged as a leader in educational technology, specializing in live online courses for K-12 students worldwide. Offering a diverse curriculum tailored to different learning levels and interests, Classover empowers students through personalized instruction, innovative course design, and cutting-edge AI technology. From creativity-driven programs to competitive test preparation, Classover is dedicated to redefining education through accessible, high-quality learning experiences.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Classover's current beliefs, expectations and assumptions regarding the future of Classover's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Classover's control including, but not limited to: the ability of Classover to achieve the anticipated benefits of the business combination with BFAC; Classover's inability to maintain the listing of its securities on Nasdaq following the business combination; Classover's ability to execute its business model, including obtaining market acceptance of its products and services; Classover's financial and business performance, including financial projections and business metrics and any underlying assumptions thereunder; changes in Classover's strategy, future operations, financial position, estimated revenue and losses, projected costs, prospects and plans; Classover's ability to attract and retain a large number of customers; Classover's future capital requirements and sources and uses of cash; Classover's ability to attract and retain key personnel; Classover's expectations regarding its ability to obtain and maintain intellectual property protection and not infringe on the rights of others; changes in applicable laws or regulations; and the possibility that Classover may be adversely affected by other economic, business, and/or competitive factors. These risks and uncertainties also include those risks and uncertainties indicated in the definitive proxy statement/prospectus included in the Registration Statement on Form S-4 filed by Classover Holdings, Inc. in connection with the transaction between Classover and business combination with BFAC. Classover's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.
Any forward-looking statement made by Classover in this press release is based only on information currently available to Classover and speaks only as of the date on which it is made. Classover undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Contacts:
Class Over IR Team
ir@classover.com
800-345-9588
SOURCE: Battery Future Acquisition Corp
View the original press release on ACCESS Newswire
FAQ
What are the new trading symbols for Classover Holdings after merging with BFAC?
When did the BFAC and Class Over business combination complete?
What is the strategic rationale behind the BFAC and Class Over merger?
Who will lead Classover Holdings following the BFAC merger?
