HYPE TREASURY PURR DOUBLED EQUITY FINANCING COMMITMENTS TO $2.5 BILLION

On 2 September, HYPE Treasury, Hyperliquid Strategies Inc (PURR), revised the CHEF purchase agreement with Chardan Capital Markets to raise the total commitment of the new issuer general share from $1 billion to $2.5 billion. The new issue of shares, with a nominal value of $0.01 and a significant increase in the scale of the financing, remains subject to clear prices and volume. The revision introduced a platform-ceiling mechanism: once the cumulative sales exceeded $1 billion, the additional issuance of less than $12.2 per share would be limited to a ceiling of 42,641,847 units, equivalent to 19.99 per cent of the pre-revision flow unit. Any increase beyond this threshold requires shareholder approval under the NASDAQ Rules. This design, while significantly increasing financing capacity, provides protection against over-dilution to existing shareholders。