Hyperliquid Strategies Increases Equity Financing Commitment to $2.5 Billion with New Price Floor Mechanism

Hyperliquid Strategies Inc (PURR) has amended its purchase agreement with Chardan Capital Markets, raising the total commitment for new common stock issuance from $1 billion to $2.5 billion. The amendment introduces a cap on additional issuances once cumulative sales exceed $1 billion; if the issuance price falls below $12.02 per share, the additional issuance is limited to 42,641,847 shares, representing 19.99% of the pre-amendment outstanding shares. Any issuance exceeding this limit requires shareholder approval under Nasdaq rules to mitigate dilution fo