Hyperion DeFi (HYPD) Registration Filing summary

Company overview and business model

• Operates as a digital asset treasury and technology company, building a strategic reserve of HYPE tokens and developing the Optejet ophthalmic liquid delivery device.

• Provides shareholders with exposure to the Hyperliquid blockchain ecosystem, a high-frequency, high-revenue DeFi platform.

• Engages in validator operations, liquid staking, and DeFi product development within the Hyperliquid ecosystem.

• Maintains a dual focus on blockchain-based financial activities and digital ophthalmic technology innovation.

Financial performance and metrics

• Hyperliquid blockchain generates approximately $1.3 billion in annual revenue, with daily trading volume exceeding $12 billion.

• As of October 31, 2025, HYPE token market capitalization is about $14.3 billion, with 337 million tokens in circulation.

• Company’s HYPE digital assets were valued at $37.95 million as of September 30, 2025.

• Pro forma net tangible book value after the offering would be $523.7 million, or $4.82 per share.

Use of proceeds and capital allocation

• Net proceeds from the offering will be used for working capital, general corporate purposes, partial repayment of debt, and building the HYPE token reserve.

• Management retains broad discretion over allocation of proceeds, with no specific amounts or timing predetermined.