Subsequent Events (Details Narrative) - USD ($) |
1 Months Ended | 8 Months Ended | |||||
---|---|---|---|---|---|---|---|
Apr. 04, 2025 |
May 30, 2025 |
Apr. 30, 2025 |
Apr. 21, 2025 |
Apr. 19, 2025 |
Apr. 18, 2025 |
Dec. 31, 2024 |
|
Shares of common stock converted | 1,000,000 | ||||||
Class A [Member] | |||||||
Shares of common stock converted | 6,535,014 | ||||||
Class B [Member] | |||||||
Shares of common stock converted | 5,964,986 | ||||||
Subsequent Events [Member] | |||||||
Digital assets | $ 1,050,000.00 | ||||||
Debt instrument convertible, Terms of conversion feature | The Notes will be convertible into Class B common stock of the Company at the option of the holder at an initial conversion price equal to 200% of the closing price of the Class B common stock on the trading day immediately prior to the closing date, subject to adjustment as provided for in the Notes. Interest is payable under the Notes at a rate of 7% per annum and is payable, quarterly, at the option of the Company in cash, through the issuance of additional Notes or, under certain situations, through the issuance of shares of Class B common stock. | ||||||
Exchange of BFAC Class A shares for Class B Common Stock | 168,356 | ||||||
Incentive Plan Shares to Target Employees | 820,000 | ||||||
Payments for professional fees | $ 95,000 | ||||||
Gain (loss) Settlement | $ 525,000 | ||||||
Subsequent Events [Member] | Securities Purchase Agreement [Member] | |||||||
Proceeds from issuance of convertible debt | $ 500,000,000 | ||||||
Debt instrument, Description | Thereafter, the Buyer has the sole option, upon one business day’s notice, to cause the Company to sell up to an additional $339 million of Notes and, subject to mutual agreement, the Company and Buyer may agree to sell up to an additional $150 million of Notes. The Company has agreed, subject to certain exceptions contained in the Purchase Agreement, to use 80% of the net proceeds from the sale of the Notes to purchase certain cryptocurrency as set forth in the Purchase Agreement. | ||||||
Issurance of convertible debt | $ 11,000,000 | ||||||
Subsequent Events [Member] | PIPE Investor [Member] | |||||||
PIPE Agreement, Description | (i) 2,400 shares of Series B preferred stock, par value $0.0001 per share (“Series B Preferred Stock”), (ii) a warrant to purchase 1,600 shares of Series B Preferred Stock (the “First Preferred Warrant”), and (iii) a warrant to purchase 1,000 shares of Series B Preferred Stock (the “Second Preferred Warrant,” and together with the First Preferred Warrant, the “Preferred Warrants”), pursuant to the terms of a PIPE Agreement, dated November 22, 2024 (the “PIPE Agreement”), entered into by the Company, BFAC, Classover DE and the PIPE Investor. | ||||||
Number of preferred stock shares issued | 5,000 | ||||||
Aggregate value of preferred stock issued | $ 4,750,000 | ||||||
Origional issue discount | $ 1,520,000 | ||||||
Subsequent Events [Member] | Class A [Member] | |||||||
Shares of common stock converted | 6,535,014 | ||||||
Subsequent Events [Member] | Series A Preferred Stock [Member] | |||||||
Shares of common stock converted | 1,000,000 | ||||||
Subsequent Events [Member] | Class B [Member] | |||||||
Shares of common stock converted | 5,964,986 | ||||||
Exchange of BFAC Class A shares for Class B Common Stock | 100,000 | 820,000 | 190,000 | ||||
Subsequent Events [Member] | Series B Preferred Stock [Member] | |||||||
Number of preferred shares converted into class B common stock | 410,777 | ||||||
Subsequent Events [Member] | Series B Preferred Stock [Member] | PIPE Investor [Member] | |||||||
Number of preferred stock shares issued | 1,600 | ||||||
Aggregate value of preferred stock issued | $ 1,520,000 |