Hyperliquid Strategies Inc (PURR) Form S-1/A — Jul 20, 2026

$PURRForm S-1/AFiled Jul 20, 2026, 9:39 PM ET0001193125-26-309340Original filing

Hyperliquid Strategies Inc filed an amended S-1/A to register up to 35,156,660 shares of common stock for resale by the selling securityholder, Rorschach Advisors LLC. These shares consist of 7,761,860 issued shares and 27,394,800 shares issuable upon the exercise of warrants, representing approximately 15.4% of the company’s outstanding common stock as of July 15, 2026. The Advisor received these shares as consideration for the December 2025 business combination that transformed the company into a holding vehicle for digital asset treasury operations.

Key figures

Shares Offered: 35,156,660
Shares Outstanding: 200,563,691
Cash At Closing: $310 million
Warrant Exercise Prices: ["$9.375","$12.50","$18.75"]
Advisor Shares Percentage: 15.4%
Hype Token Value At Closing: $580 million

Price after filing

1 day: +0.4%7 days: -10.1%30 days: +2.1%

Close on the filing date to close N calendar days later (from $7.05). Historical, not a forecast.

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