{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-391090","form_type":"8-K","ticker":"PURR","cik":"0002078856","company_name":"Hyperliquid Strategies Inc","filed_at":"2026-09-15T01:39:35+00:00","discovered_at":"2026-09-15T10:10:15.320015+00:00","generated_at":"2026-09-15T10:11:09.060694+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"medium","headline":"Hyperliquid Strategies amends ChEF purchase agreement, raising discount on future share sales after 160M shares","bullets":["Amendment No. 3 to ChEF equity purchase agreement with Chardan Capital Markets sets VWAP purchase price at 98.5% of VWAP for VWAP/Intraday purchases after first 160M shares sold.","Off-Hour VWAP purchases priced at 97.0% of VWAP after the 160M-share threshold; subject to adjustments for block trades and corporate actions.","Amendment No. 3 supersedes and replaces Amendment No. 2 (also dated Sept 14, 2026); Amendment No. 1 (Sept 1, 2026) remains effective.","Original agreement dated Oct 22, 2025; prior amendments on Sept 1 and Sept 14, 2026; change likely increases future dilution for the company."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-391090","json":"https://secwatch.observer/filing/0001193125-26-391090.json","markdown":"https://secwatch.observer/filing/0001193125-26-391090.md","text":"https://secwatch.observer/filing/0001193125-26-391090.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2078856/000119312526391090/0001193125-26-391090-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2078856/000119312526391090/purr-20260914.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-15T10:11:09.060694+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}