Eyenovia has announced the signing of a $50 million investment agreement to create cryptocurrency reserves.
Signing of Investment Agreement
Eyenovia reported signing a $50 million private investment agreement with institutional investors. The funds will be offered as non-voting preferred stock, convertible into approximately 15.4 million shares at $3.25 per share. If the warrants are fully exercised, Eyenovia's total gross revenue could reach $150 million.
Transition to Hyperion DeFi
To create a cryptocurrency reserve, the company plans to purchase HYPE tokens, the native token of the Hyperliquid blockchain, and rename itself to 'Hyperion DeFi'. Its new ticker will be 'HYPD'.
New Crypto Treasury Strategy
Hyunsu Jung has been appointed as the Chief Investment Officer and Board Member to lead the crypto treasury strategy. He stated, 'I am honored to lead this pioneering crypto treasury strategy built around HYPE, and we believe Hyperliquid is one of the fastest growing and most revenue-generating blockchains in the world.' With this agreement, Eyenovia aims to become one of the most active validators on the Hyperliquid network by purchasing over 1 million HYPE tokens.
The signing of the investment agreement and the transition to a new name highlight Eyenovia's intention to strengthen its position in the cryptocurrency space and enhance its value for shareholders.
