Digital ophthalmic know-how firm Eyenovia introduced that it has signed a $50 million non-public fairness funding (PIPE) settlement with institutional buyers.
With this funding, the corporate plans to create a cryptocurrency reserve by buying HYPE, the native token of the Hyperliquid blockchain, and alter the corporate’s identify to “Hyperion DeFi.” Its new ticker image will probably be “HYPD.”
Eyenovia has additionally appointed Hyunsu Jung as Chief Funding Officer (CIO) and Board Member to steer its crypto treasury technique.
Based on the corporate’s press launch, the $50 million funding will supply buyers non-voting most popular inventory, convertible into roughly 15.4 million shares at $3.25 per share, and roughly 30.8 million shares of inventory on the identical value (warrant). If the warrants are totally exercised, Eyenovia’s whole gross income might attain $150 million.
“We’re happy to be among the many corporations which have adopted this technique to guage the diversification, liquidity and long-term capital appreciation potential of cryptocurrencies. After analyzing all options, we’ve got decided that this step is in one of the best curiosity of our shareholders,” mentioned CEO Michael Rowe.
“I’m honored to steer this pioneering crypto treasury technique constructed round HYPE. We imagine Hyperliquid is without doubt one of the quickest rising and most revenue-generating blockchains on this planet,” mentioned Jung, new Chief Funding Officer.
With this settlement, Eyenovia goals to grow to be probably the most energetic validators on the Hyperliquid community globally by buying over 1 million HYPE tokens. As well as, a staking program will probably be launched in collaboration with Anchorage Digital.
*This isn’t funding recommendation.
