Eyenovia, Inc. announced on June 17, 2025, that it has entered into a securities purchase agreement for a $50 million private placement in public equity (PIPE Financing) with institutional accredited investors. The proceeds will be used to build a reserve of HYPE, the native token of the Hyperliquid blockchain.
This strategic move positions Eyenovia to become the first U.S.-based publicly listed company to hold HYPE in its treasury. The PIPE Financing involves the issuance of non-voting convertible preferred stock, convertible into approximately 15.4 million shares at $3.25 per share, and warrants to purchase approximately 30.8 million shares at the same exercise price.
In connection with this transaction, Hyunsu Jung has been appointed as Chief Investment Officer and a Board member. Eyenovia aims to acquire over 1,000,000 HYPE tokens, becoming a top globally active validator for Hyperliquid, and intends to implement a HYPE staking program with Anchorage Digital. The company also anticipates changing its name to 'Hyperion DeFi' and ticker to 'HYPD', with the closing expected around June 20, 2025.
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