Caliber completes $159 million convertible preferred stock financing and launches ATM issuance plan

Caliber (NASDAQ: CWD) announced a securities purchase agreement with institutional investors to issue 15,868 shares of Series B convertible preferred stock at a price of $1,000 per share, for a total financing of approximately $159 million.

The preferred stock is convertible into common stock at $250 per share, has no voting rights or dividends, and ranks higher than Class A and B common stock but lower than Series A and AA preferred stock. Meanwhile, the company has submitted a supplemental filing to the SEC to initiate an ATM offering plan, with an initial available amount of approximately $10.3 million, which will be used to support its digital asset strategy, including the continued accumulation of Chainlink (LINK) tokens.