Repaying approximately $8.6 million in legacy debt, Hyperion DeFi launches stock buyback plan

Odaily Planet Daily News Nasdaq-listed HYPE treasury company Hyperion DeFi (Nasdaq: HYPD) announced the launch of a HYPD stock repurchase plan and has repaid approximately US$8.6 million in legacy debt. The company stated that it has repaid all outstanding principal and interest under the loan agreement with Avenue Capital, and part of the debt repayment funds came from the HYPE token sale; there is no longer any long-term outstanding debt. Hyperion DeFi also stated that the company has recently raised its performance guidance and announced a number of new businesses. After debt repayment, it will have greater operational flexibility to expand its on-chain DeFi business and improve its capital structure.