Hyperion DeFi regains Nasdaq compliance, appoints new board member

Hyperion DeFi, Inc. (NASDAQ:HYPD) announced Monday that it has regained compliance with the Nasdaq Capital Market’s minimum stockholders’ equity requirement. The company had previously received notice from Nasdaq staff on April 29 that its stockholders’ equity, as reported in its 2024 annual report, fell below the $2.5 million threshold required for continued listing under Nasdaq Listing Rule 5550(b)(1). On September 2, Nasdaq staff notified Hyperion DeFi that the company now meets the minimum equity requirement.

In a separate development, Michael Rowe has notified the board of his intent to resign as Chief Executive Officer. Pending the effectiveness of Rowe’s resignation, Hyunsu Jung, currently Chief Investment Officer and a board member, will serve as Interim Chief Executive Officer, Principal Financial Officer, Treasurer, and Secretary. The company stated that Jung will work with Rowe to ensure a smooth transition.

On Monday, the board expanded its size to six members and appointed Happy Walters as a director, effective immediately. Walters will serve until the 2026 annual meeting of stockholders or until a successor is elected and qualified. He has also been named to the board’s Nominating and Governance Committee.

According to the company’s statement, Walters is the founder and CEO of Blue Horizon Capital LLC and serves on the board of Immutable Holdings, Inc. (Cboe:HOLD). He has previously co-founded and served on the boards of LifeMD, Inc. (NASDAQ:LFMD) and ZOOZ Power Ltd. (NASDAQ and TASE:ZOOZ). Walters will receive cash compensation in line with the company’s arrangements for non-employee directors and has been granted 50,000 restricted stock units, vesting in tranches through November 2026 or in full upon a change in control or certain termination events.

The information in this article is based on a statement from Hyperion DeFi’s filing with the Securities and Exchange Commission.

In other recent news, Hyperion DeFi Inc. reported a narrower net loss for the second quarter of 2025 compared to the same period last year. The company has also undertaken significant strategic shifts, including a rebranding and a renewed focus on decentralized finance (DeFi) initiatives. Hyperion DeFi, previously known as Eyenovia, is positioning itself uniquely in the market with its HYPE token-based treasury and strategic partnerships. These developments come as part of the company’s efforts to adapt to the evolving financial landscape. The company’s stock price experienced fluctuations, but these movements are not the focal point of the recent updates. Investors may find the company’s strategic direction noteworthy as it continues to navigate the competitive DeFi space. The rebranding and strategic focus highlight Hyperion DeFi’s commitment to innovation and adaptation in the financial technology sector.

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