Eyenovia, listed on NASDAQ and specializing in optical technology, announced on June 17 a $50 million private placement to transition into the digital asset space. The funding will be used to build a large reserve of HYPE, the native currency of the decentralized digital asset exchange and blockchain Hyperliquid.
Key details:
- Renaming: The company will change its name to Hyperion DeFi and its NASDAQ ticker to HYPD after the closing of the offering, expected around June 20, 2025.
- Financing structure: The offering includes the issuance of convertible preferred shares into approximately 15.4 million common shares at a price of $3.25 per share, with options to purchase an additional 30.8 million shares at the same price.
- New strategy: Eyenovia will be the first publicly traded U.S. company to hold HYPE in its treasury, aiming to diversify and achieve long-term capital gains.
- New appointments: The company has appointed Hyunsoo Jung as the new investment manager and board member, who will manage the digital treasury strategy and enhance collaboration with Hyperliquid.
- Continuity in current operations: Despite the digital transformation, Eyenovia continues to develop its optical devices such as Optejet, with expectations to register with the FDA by September 2025.
Conclusion:
This move represents a radical shift for Eyenovia towards the world of digital assets, while maintaining its traditional activities, in its quest to strengthen its position as a leader in both fields.