Hyperliquid Strategies Raises ChEF Commitment to $2.5 Billion

Hyperliquid Strategies Inc. (PURR), a HYPE treasury company, has amended its ChEF purchase agreement with Chardan Capital Markets to raise the total commitment for newly issued common shares from $1 billion to $2.5 billion. According to Foresight News, the new shares have a par value of $0.01, and the financing size has increased, though the issuance remains subject to clear price and volume limits. The amendment also adds a trading-platform cap mechanism. Once cumulative sales exceed $1 billion, additional issuances below $12.02 per share will be limited to 42,641,847 shares, equal to 19.99% of the shares outstanding before the amendment. Any issuance above that threshold will require shareholder approval under Nasdaq rules.