HyperLiquid Strategies Files for Up to $1 Billion Fundraising with the SEC, Including HYPE Token Purchases

According to documents released by the U.S. Securities and Exchange Commission (SEC) on the 22nd, Nasdaq-listed company HyperLiquid Strategies has filed an S-1 registration statement with the SEC, seeking to raise up to $1 billion (approximately 150 billion yen) through the issuance of common stock. The filing indicates that the company plans to issue up to 160 million shares of common stock. The funds raised are intended for general corporate purposes, which may include the purchase of HYPE tokens (HYPE) on the open market. HyperLiquid Strategies was listed on Nasdaq in July following a reverse merger with biotech firm Sonnet BioTherapeutics...