Caliber Plans to Raise $15.9 Million Through Stock Offering to Increase LINK Token Holdings

Odaily Planet Daily reports that Nasdaq-listed company Caliber has announced it has entered into a securities purchase agreement with an institutional investor to sell $15.9 million worth of perpetual convertible preferred stock. The funds will be used to increase 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, with total proceeds amounting to $15,868,000. The company also announced that it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (“SEC”) to initiate an ATM program. The program will conduct sales under the company’s existing $50 million shelf registration statement. (Globenewswire)