Hyperliquid Strategies amends ChEF purchase agreement; new VWAP pricing at 98.5%/97%

Hyperliquid Strategies Inc

Amendment No. 2 to ChEF Purchase Agreement with Chardan Capital Markets dated Sep 14, 2026.
New VWAP Purchase Price set at 98.5% of VWAP for VWAP/Intraday purchases, 97.0% for Off-Hour purchases.
Replaces prior definition of VWAP Purchase Price; agreement originally dated Oct 22, 2025 and amended Sep 1, 2026.
Agreement allows company to sell common stock to Chardan at a discount subject to adjustments.

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