Caliber completed a $15.9 million convertible preferred stock financing and launched an ATM issuance plan.

PANews September 17 news, according to GlobeNewswire, 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, raising approximately $15.9 million. The preferred stock can be converted into common stock at $250 per share, with no voting rights and dividends, ranking higher than Class A and B common stock but lower than Series A and AA preferred stock. At the same time, the company has filed a supplementary document for the SEC to initiate an ATM issuance plan, with an initial available amount of approximately $10.3 million, which will be used to support digital asset strategies, including the continued acquisition of Chainlink (LINK) tokens.