Caliber has successfully sold $15.9 million of convertible preferred stock and launched an ATM program to increase its LINK token holdings

September 17th. The Nasdaq-listed company Caliber recently announced that it has entered into a securities purchase agreement with institutional investors. It successfully sold $15.9 million worth of perpetual convertible preferred stock and initiated an At-The-Market (ATM) Equity Offering Program. Under the Preferred Investment Agreement, Caliber issued 15,868 shares of Series B Preferred Stock at a price of $1,000 per share, raising approximately $15.868 million. The Series B Preferred Stock is convertible into Caliber common stock at the holder's option at a price of $250 per share. It carries no voting rights, does not pay dividends or interest, and has a seniority over Caliber's Class A and Class B common stock but is junior to the company's Series A and Series AA Preferred Stock. In addition, Caliber has filed a supplement to its prospectus with the U.S. Securities and Exchange Commission (SEC) to activate the ATM program. This program is based on the company's existing $50 million shelf registration. At the initial stage, the company has approximately $10.3 million of available funds under this program. The ATM allows Caliber to issue and sell common stock on the market at prevailing prices in a timely manner to opportunistically raise funds to support its business plans, including continuing to accumulate Chainlink (LINK) tokens under its Digital Asset Treasury (DAT) strategy.