Hyperion DeFi, Inc. (NASDAQ: HYPD), the primary publicly listed U.S. firm constructing on the Hyperliquid blockchain, stated on October 2 that it repurchased 240,124 HYPD shares and retired roughly $8.6 million of legacy debt, with the paydown partially funded by $HYPE token gross sales, in line with a press launch filed with the SEC.
Share buyback and debt retirement
The Dallas-based firm purchased again 240,124 widespread shares at a weighted common value of $3.21 per share, earlier than prices and charges, and repaid all excellent principal and curiosity below its mortgage settlement with Avenue Capital. The transfer leaves Hyperion DeFi with no long-term debt excellent. Chief Government Officer Hyunsu Jung stated September introduced raised steering, the beginning of buybacks, the debt paydown and a number of new enterprise bulletins, and thanked Avenue Capital for supporting the shift away from the corporate’s former biotech model, Eyenovia.
