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Classover Holdings, Inc. (NASDAQ:KIDZ), a company specializing in educational services, announced on April 29, 2025, that its Board of Directors and Compensation Committee has approved an increase in the monthly base salary of its Chief Financial Officer, Yanling Peng. Effective from May 1, 2025, Peng’s salary will be raised to $13,000 per month, which equates to an annualized base salary of $156,000. According to InvestingPro data, this compensation adjustment comes as the company faces financial challenges, with a weak overall financial health score and negative EBITDA of $780,000 in the last twelve months.
This financial adjustment was disclosed in a Form 8-K filing with the Securities and Exchange Commission on April 30, 2025. The filing confirms that the decision to increase the CFO’s compensation was made by the appropriate governing bodies within the organization.
Classover Holdings, headquartered in New York, New York, operates under the jurisdiction of Delaware. As per the latest SEC filing, the firm’s business address is listed as 450 7th Avenue, Suite 905, New York, New York, 10123. The company can be contacted via phone at (800) 345-9588.
The company’s Class B Common Stock and Redeemable Warrants are registered with the Nasdaq Stock Market LLC and trade under the symbols KIDZ and KIDZW, respectively. Classover Holdings has also indicated in the filing that it is classified as an emerging growth company according to the definitions provided in the Securities Act and the Securities Exchange Act. The stock has experienced significant volatility, currently trading at $1.15, near its 52-week low of $1.03, despite showing revenue growth of 18.7% in the last twelve months. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with 12 additional key insights available to subscribers.
The Form 8-K filing serves as a standard method for publicly traded companies to announce significant changes and events that shareholders should be aware of. This includes changes in executive compensation, which can be an indicator of the company’s financial health and strategy. For comprehensive analysis of KIDZ and other stocks, including detailed financial metrics and expert insights, visit InvestingPro.
The information in this article is based on a press release statement from Classover Holdings, Inc. and has been summarized for clarity and brevity.
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