Nasdaq-listed HYPE treasury company Hyperion DeFi said on Oct. 2 that it has launched a share repurchase program for HYPD and repaid about $8.6 million in legacy debt. The company said it has now paid all outstanding principal and interest under its loan agreement with Avenue Capital, with part of the repayment funded by sales of HYPE tokens. After the loan was cleared, Hyperion DeFi said it no longer carries any long-term outstanding debt. The company also said it recently raised its guidance and announced several new business initiatives. With the debt repayment completed, Hyperion DeFi said it expects to have greater operating flexibility to expand its on-chain DeFi business and improve its capital structure.
Nasdaq-listed HYPE treasury company Hyperion DeFi (Nasdaq: HYPD) said on Oct. 2 that it has launched a share repurchase program for HYPD and repaid about $8.6 million in legacy debt.
Hyperion DeFi said it has paid all outstanding principal and interest under its loan agreement with Avenue Capital. Part of the repayment came from sales of HYPE tokens. After the loan was fully repaid, the company said it no longer has any long-term outstanding debt.
The company also said it recently raised its guidance and announced several new business initiatives. With the debt repayment completed, Hyperion DeFi said it will have greater operating flexibility to expand its on-chain DeFi business and improve its capital structure.
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