EXHIBIT 5.1

 

 

June 6, 2025

 

Classover Holdings, Inc.

450 7th Avenue, Suite 905

New York, New York 10123

 

Re:

Registration Statement

 

Ladies and Gentlemen:

 

Reference is made to the Registration Statement on Form S-1 (the “Registration Statement”) filed by Classover Holdings, Inc. (the “Company”), a Delaware corporation, under the Securities Act of 1933, as amended (the “Act”), with respect to the issuance by the Company of up to 17,250,000 shares of Class B common stock, par value $0.0001 per share (“Common Stock”), that are issuable upon exercise of outstanding public warrants.  The Registration Statement also covers the resale by certain of the Company’s stockholders (the “Selling Stockholders”), as set forth in the Registration Statement, of up to (A) 6,535,014 shares of Common Stock reserved for issuance upon conversion of an aggregate of 6,535,014 shares of Class A common stock, par value $0.0001 per share (“Class A Common Stock”), issued in connection with the Company’s completed business combination (“Business Combination”) with Battery Future Acquisition Corp. (“BFAC”)  to Hui Luo, the Company’s Chief Executive Officer and Chief Executive Officer of Class Over Inc. (“Class Over”), upon exchange of her securities in Class Over, (B) 8,625,000 shares of Common Stock issued in connection with the Business Combination, upon exchange of the BFAC common stock originally issued at a price of approximately $0.003 per share prior to BFAC’s initial public offering, (C) 540,000 shares of Common Stock issued in connection with the Business Combination to certain former affiliates of BFAC, (D) 522,801 shares of Common Stock reserved for issuance upon conversion of Series A preferred stock, par value $0.0001 per share (“Series A Preferred Stock”), issued in connection with the Business Combination to Ms. Luo, upon exchange of her securities in Class Over, (E) 23,452,158 shares of Common Stock reserved for issuance upon conversion of an aggregate of 5,000 shares of Series B preferred stock, par value $0.0001 per share (“Series B Preferred Stock”), of the Company issued to a third party investor and (F) 77,399,381 shares of Common Stock reserved for issuance to Solana Strategic Holdings LLC (the “EPFA Investor”) pursuant to an equity purchase facility agreement, dated April 30, 2025 (the “EPFA”)  between the EPFA Investor and us. 

 

We have examined such documents and considered such legal matters as we have deemed necessary and relevant as the basis for the opinion set forth below. With respect to such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as reproduced or certified copies, and the authenticity of the originals of those latter documents. As to questions of fact material to this opinion, we have, to the extent deemed appropriate, relied upon certain representations of certain officers and employees of the Company.

 

Based upon the foregoing, it is our opinion that:

 

1. The shares of Common Stock issued and to be issued to the Selling Stockholders have been duly authorized and are, or when issued in accordance with the applicable governing documents will be, legally issued, fully paid and nonassessable.

 

2. The shares of Common Stock to be issued by the Company upon exercise of the Warrants have been duly authorized and, when issued in accordance with the Warrants, will be legally issued, fully paid and nonassessable.

 

Our opinions set forth herein are limited to the laws of the State of New York, all applicable provisions of the Delaware constitution (and all applicable judicial and regulatory determinations) and the General Corporation Law of the State of Delaware, and, to the extent that judicial or regulatory orders or decrees or consents, approvals, licenses, authorizations, validations, filings, recordings or registrations with governmental authorities are relevant, to those required under such laws (all of the foregoing being referred to as “Covered Law”). We do not express any opinion with respect to the law of any jurisdiction other than Covered Law or as to the effect of any such non-Covered Law on the opinions herein.

 

We hereby consent to the use of this opinion as an exhibit to the Registration Statement, to the use of our name as your counsel and to all references made to us in the Registration Statement and in the Prospectus forming a part thereof. In giving this consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Act, or the rules and regulations promulgated thereunder.

 

 

 

Very truly yours,

 

 

 

 

 

 

 

/s/ Graubard Miller