Hyperion DeFi launches stock buyback and pays off debt, partially funded by HYPE token sale

According to Foresight News, Nasdaq-listed HYPE treasury company Hyperion DeFi (Nasdaq: HYPD) announced the launch of a HYPD stock buyback plan and has repaid approximately $8.6 million in legacy debt. Hyperion DeFi said the company has repaid all outstanding principal and interest under its loan agreement with Avenue Capital. Part of the debt repayment will be funded through the HYPE token sale. After the loan is repaid, the company no longer has any long-term outstanding debt.

Hyperion DeFi stated that the company has also recently raised its performance guidance and announced a number of new businesses; after debt repayment, it will have greater operational flexibility to expand on-chain DeFi business and improve its capital structure.