Caliber plans to raise $15.90 million to increase its holdings of LINK tokens
2025-09-17 11:54:00
On September 17, Caliber, a Nasdaq-listed company, announced that it has entered into a securities purchase agreement with an institutional investor to sell $15.9 million worth of perpetually convertible preference shares. The funds will be used to increase its holdings of LINK tokens. The company intends to issue 15,868 Series B preference shares at a purchase price of $1,000 per share for total proceeds of $15,868,000. The company also announced that it has filed a prospectus supplement with the Securities Exchange Commission ("SEC") to initiate an ATM program. The program will be sold in accordance with the company's existing $50 million hold registration statement.
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