SEPTInvestingStart Free

PURR 424B3: Secondary offering

Hyperliquid Strategies Inc

Filed with the SEC on · accession 0001193125-26-399511

PURR filed a 424B3 (prospectus (offering)) with the SEC on Sep 23, 2026. The final terms of an offering of shares or bonds. The stock moved -0.1% by the first close after the filing.

Summary of the filing

Hyperliquid Strategies Inc filed a prospectus for the potential resale of up to 160,000,000 shares of common stock by Chardan Capital Markets LLC under a committed equity facility, with the total commitment increased from $1.0 billion to $2.5 billion.

For details, click here →How to read a 424B3 →

Key details

Maximum shares offered$160.0M
Total commitment under Purchase Agreement$2.5B
Gross proceeds received to date$1.1B
Commitment fee paid to Chardan$1.0M
Documentation fee paid to Chardan$25K
IssuerHyperliquid Strategies Inc
Selling securityholder and underwriterChardan Capital Markets LLC

How PURR stock reacted

Close before

$13.95

Sep 22, 2026

First close after

-0.07%

$13.94

5 trading days

-14.55%

$11.92

Since filing

-37.20%

$8.76

✦ Ask GOAX AI about this filing — what it means for PURR, what changed since its last filings and what to watch next.

Try it free for 7 days

🔔 Want to stay updated on new SEC filings for PURR?

Click here

Frequently asked questions

What did PURR file with the SEC on Sep 23, 2026?

PURR filed a 424B3 (Secondary offering). Hyperliquid Strategies Inc filed a prospectus for the potential resale of up to 160,000,000 shares of common stock by Chardan Capital Markets LLC under a committed equity facility, with the total commitment increased from $1.0 billion to $2.5 billion.

What does a secondary offering mean for PURR stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did PURR stock react to this filing?

PURR closed at $13.95 before the filing and $13.94 on Sep 23, 2026 (-0.07%). Five trading days later: $11.92 (-14.55%).

Other PURR SEC filings

Get alerts when PURR files with the SEC, plus live charts, key levels and news for 13,000+ stocks.

Try SEPT free for 7 days
PURR overviewPURR analysisPURR newsLatest SEC filings