This page is intended to provide access to SEC filings for Hyperliquid Strategies Inc (NASDAQ: PURR), a company that describes itself as a digital asset treasury business focused on accumulating HYPE, the native token of the Hyperliquid blockchain. While specific filings may vary over time, SEC documents are the primary source for detailed information about the company’s operations, risks, and capital structure.
In its public descriptions, Hyperliquid Strategies Inc highlights activities such as staking, yield optimization, and active engagement in the Hyperliquid ecosystem as part of its approach to generating returns from HYPE. When available, core filings such as annual reports on Form 10-K and quarterly reports on Form 10-Q can provide additional context on how these activities are reflected in the company’s financial statements, risk factors, and management discussion.
For investors tracking PURR, SEC filings can also shed light on matters such as stock repurchase programs authorized by the Board of Directors, the company’s use of cash in connection with its HYPE-focused strategy, and other capital allocation decisions. Current reports on Form 8-K, when filed, may discuss material events, including changes to repurchase authorizations or other significant corporate actions.
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Hyperliquid Strategies Inc (PURR) is calling a virtual annual stockholder meeting on November 4, 2026 to elect two Class I directors, approve a Nasdaq-related share issuance proposal, and ratify CBIZ CPAs P.C. as independent auditor for fiscal year 2027.
The Nasdaq Proposal seeks stockholder approval to remove a 19.99% exchange cap tied to the Company’s committed equity facility with Chardan Capital Markets, which permits sales of up to $2.5 billion of common stock. Approval would allow issuing more than 20% of outstanding shares at prices below $12.02 per share, increasing financing flexibility but potentially diluting existing holders’ voting and economic interests.
The proxy also describes a staggered eight‑member board, independent audit, compensation and nominating committees, and 2026 executive compensation that is primarily salary plus substantial equity awards, with change‑in‑control severance and accelerated vesting features for senior executives.
Hyperliquid Strategies Inc (symbol PURR) is registering for resale up to 160,000,000 shares of common stock that may be issued to Chardan Capital Markets LLC under a committed equity facility with a $2.5 billion total purchase commitment. These are being offered solely by Chardan as the selling securityholder.
The company’s common stock outstanding was 237,919,288 shares as of September 8, 2026; if the full 160,000,000 shares were issued and outstanding, that total would rise to 397,919,288 shares. Hyperliquid has already received about $1.1 billion in gross proceeds from prior sales to Chardan and may receive up to approximately $1.4 billion more, with intended uses including general corporate purposes and potential purchases of HYPE Tokens.
Hyperliquid Strategies Inc (PURR) entered into Amendment No. 3 to its ChEF Purchase Agreement with Chardan Capital Markets LLC on September 14, 2026. The change affects the pricing of additional common stock sales to Chardan after the first 160,000,000 shares sold under the agreement.
After that threshold, the per-share price in a VWAP Purchase or Intraday VWAP Purchase will equal 98.5% of the VWAP over the relevant period, while an Off-Hour VWAP Purchase will be priced at 97.0% of the VWAP, in each case subject to specified adjustments. Amendment No. 3 supersedes and replaces Amendment No. 2 in full.
Hyperliquid Strategies Inc (PURR) entered into Amendment No. 2 to its ChEF Purchase Agreement with Chardan Capital Markets LLC on September 14, 2026, changing how the per share purchase price of common stock is determined for future sales under that agreement.
For any VWAP Purchase or Intraday VWAP Purchase, the price will now equal 98.5% of the VWAP over the applicable purchase period, and for any Off-Hour VWAP Purchase the price will equal 97.0% of the VWAP over the applicable purchase period, in each case subject to specified adjustments.
Hyperliquid Strategies Inc (PURR) director Jeffrey Tuder reported acquiring three blocks of warrants to purchase 272,578 shares of common stock each, with exercise prices of $9.375, $12.50, and $18.75 per share. The warrants become exercisable on December 2, 2025 and expire on December 2, 2030. The reporting person states these warrants were received in a pro rata distribution from Rorschach Capital LLC, where he is a non-managing member, and no Rule 10b5-1 trading plan is reported.
Hyperliquid Strategies Inc (PURR) director Robert E. Diamond Jr. reported acquiring three blocks of warrants to purchase Common Stock on August 31, 2026, in an entity restructuring coded as an "other acquisition or disposition." Each block covers 1,253,860 warrants, received via a pro rata distribution from Rorschach Capital LLC, of which he is a non-managing member. The warrants have exercise prices of $9.375, $12.50, and $18.75 per share, are first exercisable on December 2, 2025, and expire on December 2, 2030. No Rule 10b5-1 trading plan is reported.
Hyperliquid Strategies Inc (PURR) director and CEO David Ira Schamis reported the acquisition of three blocks of 537,585 warrants each on August 31, 2026, through an entity restructuring transaction. Each warrant block is exercisable for common stock from December 2, 2025 and expires on December 2, 2030, with exercise prices of $9.375, $12.50, and $18.75 per share, respectively. The warrants were received as a pro rata distribution from Rorschach Capital LLC, where he is a non‑managing member, and no Rule 10b5‑1 trading plan is reported.
Hyperliquid Strategies Inc (symbol PURR) entered into Amendment No. 1 to its ChEF Purchase Agreement with Chardan Capital Markets LLC, increasing the Investor’s Total Commitment from $1.0 billion to $2.5 billion of newly issued common stock, subject to existing terms and limitations.
After the first $1.0 billion of sales under the agreement, the Company may not issue additional shares at a price below $12.02 per share if that would cause cumulative issuances below this price to exceed 42,641,847 shares, which represents 19.99% of common shares outstanding immediately before the Amendment, unless stockholders approve issuances above this Exchange Cap under Nasdaq rules.
Hyperliquid Strategies Inc (symbol PURR) has filed a prospectus supplement covering the potential offer and sale from time to time, through Chardan Capital Markets LLC, of up to 160,000,000 shares of its common stock under an existing shelf registration. This supplement also incorporates the company’s newly filed Annual Report on Form 10-K for the year ended June 30, 2026.
Hyperliquid Strategies is a U.S. publicly listed digital asset treasury company whose primary business is accumulating HYPE, the native token of the Hyperliquid Layer 1 blockchain, on behalf of stockholders and generating income mainly via staking and related DeFi activities. As of August 23, 2026, it held approximately 29.4 million HYPE tokens, which it believes is the largest HYPE position of any U.S. public company, and 197,837,597 common shares were outstanding. The strategy is executed under a detailed three-pillar framework (capital raising, allocation, and deployment), including using equity issuance when the stock trades at a premium to its internally defined market NAV ratio.
The filing describes the Hyperliquid ecosystem, where cumulative perpetual futures trading volume has exceeded $5.4 trillion and an Assistance Fund uses 99% of protocol fees to buy HYPE and periodically burn tokens, with 46.7 million HYPE (4.7% of initial supply) already removed from circulation. Extensive risk factors highlight high volatility in HYPE’s price, evolving global regulation of digital assets, potential classification questions under U.S. securities and investment company laws, custody and validator risks, and the possibility that large swings in HYPE’s value could materially affect PURR’s financial results and stock price.
Hyperliquid Strategies Inc (PURR) has filed a prospectus supplement to its Form S-1, updating a resale registration for Rorschach Advisors LLC covering up to 7,761,860 Advisor Issued Shares of common stock and up to 27,394,800 Advisor Warrant Shares issuable on exercise of 27,394,800 Advisor Warrants. The supplement incorporates the company’s newly filed Form 10-K for the year ended June 30, 2026.
Hyperliquid Strategies operates as a digital-asset treasury company whose core strategy is to accumulate and stake HYPE, the native token of the Hyperliquid Layer 1 blockchain. As of August 23, 2026, it held about 29.4 million HYPE tokens, which it believes is the largest HYPE position of any U.S. public company, and stakes substantially all holdings to earn protocol rewards.
The business is closely tied to the Hyperliquid ecosystem, which generated about $857 million in 2025 net protocol revenue and has burned 46.7 million HYPE via its Assistance Fund. The company’s strategy centers on raising equity when its stock trades above an internal market-NAV ratio, deploying cash into HYPE when it deems the token undervalued, and potentially repurchasing shares when they trade at a discount to this metric, all while navigating significant regulatory and classification risks around digital assets.