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Caliber Raises $15.9 Million via Series B Convertible Preferred Stock Sale

Caliber Raises $15.9 Million via Series B Convertible Preferred Stock Sale

Caliber secures $15.9 million through Series B preferred stock issuance and launches a $10.3 million ATM equity program to support its digital asset strategy, including Chainlink token acquisitions.

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Fact Check
Multiple credible sources, including press releases and financial news outlets (KTLA, MSN, Investors Hangout), directly and consistently confirm that the company Caliber raised $15.9 million through the sale of 15,868 shares of Series B Preferred Stock. The other sources are irrelevant as they refer to different companies raising Series B funding and use the word 'caliber' as a descriptive adjective.
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Summary

Caliber has entered into a securities purchase agreement with institutional investors to raise $15.9 million by issuing Series B convertible preferred stock. The stock can be converted into common shares at $250 per share, with no voting rights or dividends. Additionally, the company has filed a supplemental SEC registration for an ATM program with an initial $10.3 million capacity. Proceeds will support Caliber's Digital Asset Treasury strategy, including the acquisition of Chainlink (LINK) tokens.

Terms & Concepts
  • Series B Perpetual Convertible Preferred Stock: A class of preferred stock with no maturity date, convertible into common shares under specified terms, and often carrying different rights and priorities.
  • At-The-Market (ATM) Equity Program: A mechanism that allows a company to sell newly issued shares directly into the market over time at prevailing market prices.
  • Digital Asset Treasury Strategy: A corporate approach to managing part of the company’s reserve assets in digital tokens or cryptocurrencies.