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.
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.
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.
- 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.