Hyperliquid Strategies Expands Equity Facility to $2.5B

CryptoSlate published that Hyperliquid Strategies expanded its equity facility to $2.5B. The report notes dated filings show only about $236M of room before a Nasdaq dilution constraint matters. It states at least $763.7 million was raised, leaving at most $236.3 million before discounted share sales face the cap. After $1B in total sales, further discounted shares could force a shareholder vote.