Caliber announces sale of $15.9 million permanently convertible preferred shares and launches ATM program
Source: CoinWorld
Time: 2025-09-17 19:38:12
Caliber (NASDAQ: CWD) has completed a $15.9 million permanent convertible preferred stock sale with an institutional investor and initiated a market price (ATM) equity plan. Series B preferred shares are issued at $1,000 per share and can be converted into common stock at $250 per share. The ATM program enables Caliber to raise funds in a timely manner, including a Chainlink (LINK) token up for its Digital Asset Treasury strategy. CEO Chris Loeffler said the move will strengthen the balance sheet and support the LINK DAT program.