Hyperliquid Strategies Inc and Chardan Capital Markets LLC entered into Amendment No. 1 to their ChEF Purchase Agreement on September 1, 2026, increasing the total commitment for newly issued common stock from $1.0 billion to $2.5 billion in aggregate gross purchase price. The amendment imposes an Exchange Cap limiting shares sold below $12.02 per share to 42,641,847 shares (19.99% of outstanding shares) unless shareholder approval is obtained under Nasdaq rules. Hyperliquid Strategies Inc operates in the financial services industry, providing investment strategies and capital markets solutions.