secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hyperliquid Strategies Inc (PURR)
CIK:        0002078856
Form:       8-K
Filed at:   2026-09-15T01:39:35+00:00
Accession:  0001193125-26-391090
Event type: other_material
Sentiment:  negative
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyperliquid Strategies amends ChEF purchase agreement, raising discount on future share sales after 160M shares
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2078856/000119312526391090/0001193125-26-391090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2078856/000119312526391090/purr-20260914.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-391090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer