Hyperliquid Strategies sets share sale prices at 98.5% and 97.0% of VWAP under Chardan deal
On September 14, 2026, Hyperliquid Strategies Inc and Chardan Capital Markets LLC signed Amendment No. 3 to their ChEF Purchase Agreement, replacing the definition of VWAP Purchase Price. After the first 160,000,000 shares are sold under the agreement, the company's VWAP-based and Intraday VWAP sales are priced at 98.5% of VWAP, and Off-Hour VWAP sales at 97.0% of VWAP. The filing does not state the number of shares expected to be sold, so its effect on existing shareholders cannot be measured from this document.
Key points
- Amendment No. 3 dated September 14, 2026, amends the ChEF Purchase Agreement dated October 22, 2025, with Chardan Capital Markets LLC.
- After the first 160,000,000 shares are sold, VWAP and Intraday VWAP purchases are priced at 98.5% of the VWAP over the applicable period.
- Off-Hour VWAP purchases are priced at 97.0% of the VWAP; the amendment supersedes Amendment No. 2 dated September 14, 2026.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.