Hyperion DeFi Raises $10M with 2.78M Shares at $3.60
HYPD•Hyperion DeFi sold 2,777,778 common shares at $3.60, raising approximately $10.0 million before underwriting fees. The company plans to use net proceeds and existing cash to acquire additional HYPE tokens for its treasury strategy and support working capital and general corporate purposes.
1. Offering Details
Hyperion DeFi closed its public offering of 2,777,778 shares of common stock at $3.60 per share, generating approximately $10.0 million in gross proceeds before underwriting discounts and commissions. The sole underwriter, Chardan, also received a 30-day option to purchase up to 416,666 additional shares at the same price.
2. Use of Proceeds
The company will combine net proceeds from the offering with existing cash, cash equivalents and marketable securities to fund its HYPE treasury strategy, focusing on acquiring more HYPE tokens, as well as to cover working capital and general corporate needs.
3. Strategic Investors and Underwriter Option
The financing was led by Arrington Capital and Blockchain.com, along with a mutual fund and a technology-driven investment management firm. The underwriter’s option to buy 416,666 additional shares provides potential for up to $1.5 million in incremental capital if exercised.
