HYPD · Hyperion DeFi, Inc.

Hyperion DeFi, Inc. entered into an underwriting agreement with Chardan Capital Markets, LLC to sell 2,777,778 shares of common stock at a public offering price of $3.60 per share. The underwriter has a 30-day option to purchase up to an additional 416,666 shares. Net proceeds to the company are expected to be approximately $8.7 million, or $10.1 million if the option is fully exercised. The company intends to use the net proceeds to fund its HYPE treasury strategy, including the acquisition of additional HYPE tokens, and for working capital and other general corporate purposes. The offering is being made under an existing shelf registration statement and is expected to close on May 7, 2026, subject to customary closing conditions. This capital raise provides Hyperion DeFi with additional resources to execute its strategic focus on building a treasury of Hyperliquid's native token, HYPE.