Caliber completes $15.9 million convertible preferred stock financing and launches ATM additional issuance plan

PANews September 17th news, according to GlobeNewswire, Caliber (NASDAQ: CWD) announced a securities purchase agreement with institutional investors to issue 15,868 Series B convertible preferred shares at a price of $1,000 per share and a total financing of about $15.9 million. The preferred stock can be converted into common stock at US$250 per share, without voting rights and dividends, and the priority is higher than Class A and B common stocks but lower than Series A and AA preferred stocks. At the same time, the company has submitted supplementary documents for additional issuance to the SEC and launched the ATM additional issuance plan. The initial available amount is approximately US$10.3 million. The funds will be used to support the digital asset strategy, including the continuous increase in Chainlink (LINK) tokens.