Hyperliquid Strategies Inc. filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 14, 2026, announcing an amendment to a definitive agreement with Chardan Capital Markets LLC.
The registrant, which trades on the Nasdaq Stock Market under the symbol PURR, entered into Amendment No. 2 to the ChEF Purchase Agreement. The original agreement was dated October 22, 2025. The amendment modifies the pricing mechanism for the sale of the Company’s common stock, par value $0.01 per share, to the Investor.
Under the terms of the amendment, the per share purchase price for the shares will be calculated as a percentage of the Volume Weighted Average Price (VWAP) over the applicable purchase period. Specifically, the price will be set at 98.5% of the VWAP for a standard VWAP Purchase or an Intraday VWAP Purchase. For an Off-Hour VWAP Purchase, the price is set at 97.0% of the VWAP. These terms are subject to certain adjustments as detailed in the full text of the amendment.
The amendment is filed as Exhibit 10.1 to this report and is incorporated by reference.
