According to CoinMeta, Hyperliquid Strategies Inc ( Purr ) revised its purchase agreement with Chardan Capital Markets on September 2nd, increasing the total commitment for the issuance of new common shares from $1 billion to $2.5 billion. The par value of the newly issued shares is $0.01 each. The revision introduced a cap mechanism on the trading platform: after cumulative sales exceed $1 billion, the additional issuance cap below $12.02 per share is 42,641,847 shares. Any additional issuance exceeding this threshold requires shareholder approval in accordance with NASDAQ rules. Based on the trading data of Bit.com, Purr closed down 7.31%.