According to TechFlame, the NASDAQ listed company Caliber announced that it has reached a securities purchase agreement with an institutional investor to sell $15.9 million worth of permanent convertible preferred shares. The funds will be used to increase LINK tokens. The company plans to issue 15,868 Series B preferred shares at a purchase price of $1,000 per share, with total revenue of $15,868,000. The company also announced that it has submitted a prospectus supplement to the US Securities and Exchange Commission (“SEC”) to commence an ATM program. The plan will be sold based on the company's existing $50 million pending registration statement.