other_material
confidence high
sentiment positive
materiality 0.70
Caliber sells $15.9M perpetual convertible preferred, activates $10.3M ATM for LINK treasury
CaliberCos Inc.
- Sold 15,868 Series B Preferred shares at $1,000 each for $15.9M gross proceeds; converts to common at $250/share.
- Preferred stock pays no dividends, no voting rights; ranks senior to common but junior to Series A and AA Preferred.
- Activated $10.3M ATM equity program under existing $50M shelf; proceeds to support Chainlink (LINK) token accumulation.
- Lafferty & Co. lead agent, Benchmark co-manager; sales at prevailing market prices up to $10.3M.
- CEO cites perpetual preferred terms as reflecting confidence in LINK treasury strategy; company first Nasdaq-listed to adopt LINK treasury.
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