Hyperliquid Strategies approves a $30 million stock buyback plan

According to The Wall Street Journal, Hyperliquid Strategies Inc (NASDAQ: PURR) today announced that its board has authorized a stock repurchase program of up to $30 million to repurchase the company's outstanding common stock (par value $0.01 per share). The stock repurchase program is effective for 12 months.

The company's CEO, David Shamis, stated, "We are committed to creating maximum value for shareholders through prudent execution of capital management strategies. Our primary goal is to enable investors to efficiently invest in HYPE------the dominant native token of the Hyperliquid ecosystem. We will utilize the company's cash to enhance the HYPE exposure per share for shareholders in the most efficient manner."

The repurchased shares will be conducted in accordance with federal securities laws, through open market transactions at market prices, through privately negotiated transactions, or by other means. The specific timing, number, and amount of stock repurchases under the program will be determined at the discretion of management and will depend on various factors, including the market price of HSI common stock, overall market and economic conditions, and applicable legal requirements. The company cannot guarantee the final number of shares repurchased, and the repurchase program may be extended, suspended, or terminated at the company's discretion without further notice.