24/7 Market News Snapshot 17 June, 2025 – Eyenovia, Inc. Common Stock (NASDAQ:EYEN)

June 17, 2025

DENVER, Colo., 17 June, 2025 (www.247marketnews.com) – (NASDAQ:EYEN) are discussed in this article.
Eyenovia, Inc. has witnessed a remarkable increase in its market performance, with shares surging over 140% to reach $7.134 from a previous close of $2.970. This uptrend signals a significant bullish momentum among investors, who have traded over 14.86 million shares, showcasing heightened interest in the company’s innovative ophthalmic therapies. As Eyenovia captures the market’s attention with its impressive performance, stakeholders are keenly observing potential opportunities arising from this substantial rise.

In a strategic move to further establish itself in the burgeoning intersection of healthcare and digital assets, Eyenovia has announced a private placement initiative aimed at raising $50 million. This strategic endeavor involves a securities purchase agreement with institutional accredited investors, allowing the company to incorporate HYPE, the native token of the Hyperliquid blockchain, into its treasury. With this initiative, Eyenovia becomes the first publicly traded company in the U.S. to integrate such a digital asset into its financial framework, demonstrating a proactive approach in embracing cryptocurrency.

Under the terms of the agreement, Eyenovia will issue non-voting convertible preferred stock convertible into approximately 15.4 million shares of common stock at a price of $3.25 per share. Additionally, investors will receive warrants that could lead to the purchase of around 30.8 million shares, potentially generating an additional $150 million if fully exercised. The company’s CEO, Michael Rowe, expressed optimism regarding the diversification of shareholder value through cryptocurrency, while newly appointed Chief Investment Officer Hyunsu Jung emphasized the potential of HYPE as a strong digital asset.

Anticipating closing of the financing on or about June 20, 2025, Eyenovia intends to rebrand as “Hyperion DeFi,” reflecting its commitment to innovation and digital transformation within healthcare, thereby paving the way for a compelling future in both pharmaceuticals and digital assets.

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