Caliber plans to raise $15.9 million through a stock placement to increase its holdings of LINK tokens

ChainCatcher news, Nasdaq-listed company Caliber announced that it has reached a securities purchase agreement with an institutional investor to sell $15.9 million worth of perpetual convertible preferred stock, with the funds intended for increasing its holdings of LINK tokens. The company plans to issue 15,868 shares of Series B preferred stock at a purchase price of $1,000 per share, totaling $15,868,000 in proceeds.

The company also announced that it has submitted a supplemental prospectus to the U.S. Securities and Exchange Commission ("SEC") to initiate an ATM program. This program will be conducted under the company's existing $50 million shelf registration statement.