Caliber closed a securities purchase agreement for $15.9 million of perpetual convertible preferred equity and activated an At-The-Market (ATM) equity program.
The preferred investment involved issuing 15,868 shares of Series B Preferred Stock at $1,000 per share, which can be converted to common stock at $250 per share.
The ATM program allows Caliber to issue and sell shares of common stock to raise capital and continue accumulating Chainlink (LINK) tokens.
Sale of Perpetual Convertible Preferred
Caliber sold $15.9 million of perpetual convertible preferred equity, providing additional capital for strategic initiatives.
Activation of ATM Program
The ATM program allows Caliber to issue common stock opportunistically to support business initiatives like the acquisition of Chainlink (LINK) tokens.
Treasury Strategy Focus on Chainlink (LINK)
Caliber's treasury strategy is the first to focus on Chainlink (LINK), providing transparent exposure to digital assets.
- The sale of perpetual convertible preferred equity and activation of the ATM program strengthen Caliber's balance sheet and provide capital for executing strategic plans.
- Caliber's move to anchor its treasury strategy in Chainlink (LINK) positions the company at the intersection of real and digital asset investing.
The recent financial moves by Caliber reflect a strategic approach to enhance its financial position and align with the evolving digital asset landscape.