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Caliber plans to raise $15.9 million through a rights offering to increase its LINK token holdings
2hours ago

Odaily Planet Daily News: Nasdaq-listed 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. The funds will be used to increase 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 of $15,868,000. The company also announced that it has filed a prospectus supplement with the U.S. Securities and Exchange Commission ("SEC") to launch an ATM program. The program will be sold based on the company's existing $50 million shelf registration statement. (Globenewswire)