NASDAQ: PURR Hyperliquid Strategies Inc 8-K

Hyperliquid Strategies amends Chardan equity purchase agreement with new VWAP-based pricing

Filed September 15, 2026 · Period ending September 14, 2026 · ~1 min read

Key Changes

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Amendment No. 3 to the equity purchase agreement with Chardan sets purchase prices at 98.5% of VWAP for VWAP and Intraday VWAP purchases, and 97.0% of VWAP for Off-Hour VWAP purchases, after the first 160 million shares are sold.

Item 1.01 verify on EDGAR →

Summary

Hyperliquid Strategies Inc. amended its existing equity purchase agreement with Chardan Capital Markets on September 14, 2026. The amendment changes how the purchase price is calculated for shares the company may elect to sell to Chardan under the agreement.

After the first 160 million shares are sold, VWAP and Intraday VWAP purchases will be priced at 98.5% of the volume-weighted average price, while Off-Hour VWAP purchases will be priced at 97.0% of VWAP, subject to certain adjustments. This amendment supersedes the prior Amendment No. 2, which was also dated September 14, 2026. The change provides a defined discount structure for future share sales under the agreement.

For retail investors, the key takeaway is that the company has adjusted the terms under which it can access capital through this facility. The amendment does not itself indicate an immediate sale of shares, but it establishes the pricing mechanics for any future sales the company may choose to make.