Eyenovia Announces $50 Million Investment to Launch a Hyperliquid Cryptocurrency Treasury Reserve Strategy; Hyunsu Jung Appointed CIO

LAGUNA HILLS, Calif.—Eyenovia, Inc. (NASDAQ: EYEN), a leading digital ophthalmic technology company, has announced that it has entered into a securities purchase agreement (SPA) for a $50 million private placement in public equity (PIPE financing) with institutional accredited investors. According to the announcement, the company will use the funds to build a reserve of a token called HYPE, which is native to the decentralized digital asset exchange and Layer-1 blockchain, Hyperliquid. The company said it expects to receive aggregate gross proceeds of approximately $50 million, before deducting offering expenses. In connection with the transaction, the company also announced that it has appointed Hyunsu Jung as its chief investment officer and as a board member.