Search:
   

Tuesday, December 2, 2025

Equity Corporate Actions Alert #2025 - 647
(UPDATED: Closing completed) Information Regarding the Business Combination of Sonnet BioTherapeutics Holdings, Inc (SONN) and Hyperliquid Strategies Inc

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Resources:

The business combination of Sonnet BioTherapeutics Holdings, Inc (SONN) and Hyperliquid Strategies Inc closed today, December 2, 2025. As a result of the business combination, the common stock of Sonnet BioTherapeutics Holdings, Inc. (SONN) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Sonnet BioTherapeutics Holdings, Inc. Common Stock
CUSIP#: 83548R402
Symbol: SONN
Last Trading Date: December 2, 2025
Marketplace Effective Date for Suspension: December 3, 2025
Merger Consideration: One-fifth (.2) of a Hyperliquid Strategies Inc Common Stock (PURR) and one (1) Contingent Value Right (CVR) for each held.

As a result of the merger the combined company will list the common stock on the Nasdaq Capital Market. The details are as follows:

Company Name/Issue: Hyperliquid Strategies Inc Common Stock
CUSIP#: 44916Y106
Symbol: PURR
Marketplace Effective Date: December 3, 2025

If you would like to register as a market maker in PURR contact Nasdaq Trading Services at +1 212 231 5100.

Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile