Caliber Announces Sale of $15.9 Million Perpetual Convertible Preferred and Activation of ATM Program

Core Viewpoint - Caliber has successfully closed a securities purchase agreement for $15.9 million in perpetual convertible preferred equity and activated an At-The-Market (ATM) equity program to strengthen its capital position and support its Digital Asset Treasury strategy anchored in Chainlink (LINK) [2][4][6]. Group 1: Securities Purchase Agreement - Caliber issued 15,868 shares of Series B Preferred Stock at a price of $1,000 per share, generating gross proceeds of $15.9 million [3]. - The Series B Preferred Stock is convertible into common shares at a conversion price of $250 per share, carries no voting rights, and does not pay dividends or interest [3][6]. Group 2: At-The-Market (ATM) Equity Program - The ATM program allows Caliber to issue and sell common stock at prevailing market prices, with approximately $10.3 million available under the program initially [4]. - The ATM program is part of a $50 million shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) [4]. Group 3: Strategic Implications - The combination of the preferred investment and the ATM program enhances Caliber's balance sheet and provides capital for executing its strategy, particularly in accumulating Chainlink (LINK) tokens [6]. - Caliber is the first Nasdaq-listed company to adopt a treasury strategy focused on Chainlink (LINK), offering shareholders transparent exposure to LINK while integrating real and digital asset investing [6][7].