Hyperion DeFi, Inc. (NASDAQ: HYPD) reported on September 28, 2026, that it has fully repaid approximately $8.6 million in outstanding obligations under a Loan and Security Agreement dated November 22, 2022. The loan, provided by Avenue Capital Management II, L.P. and Avenue Venture Opportunities Funds, was terminated on the Payoff Date of September 28, 2026. The company states it did not incur any early termination penalties for this repayment.
The debt payoff was funded by proceeds from the sale of HYPE tokens and cash on hand. Following this transaction, Hyperion DeFi reports having no long-term debt outstanding.
In addition to retiring its debt, the company announced the repurchase of 240,124 shares of its common stock. These shares were bought back at a weighted average price of $3.21 per share. As of September 30, 2026, the company reported approximately 15,442,482 outstanding HYPD common shares.
Regarding its financial position, Hyperion DeFi stated that as of September 30, 2026, it holds approximately $14.5 million in cash, cash equivalents, and USDC stablecoin. The company also reported holding an aggregate of 1.85 million Gross HYPE tokens.
