Sonnet Stockholders Approve Merger With Hyperliquid Strategies Deal
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In Brief Sonnet stockholders approve merger with Hyperliquid Strategies and Rorschach I LLC. The transaction supports Sonnet’s oncology focus using its FHAB drug platform. HSI’s securities are expected to list on Nasdaq after deal completion. Sonnet BioTherapeutics Holdings, Inc. announced stockholder approval of its proposed business combination with Hyperliquid Strategies Inc and Rorschach I LLC. The decision followed a special meeting, and the final voting results will be filed with the U.S. Securities and Exchange Commission. The combination supports Sonnet’s continued focus on oncology and biologic drug innovation through its proprietary FHAB technology platform. Sonnet uses Fully Human Albumin Binding (FHAB) to develop targeted therapies with improved safety and efficacy. INTEL: Sonnet Biotherapeutics has received stockholder approval for its planned merger with Hyperliquid Strategies Inc. — Solid Intel 📡 (@solidintel_x) December 2, 2025 The company’s platform leverages a single chain antibody fragment that binds to human serum albumin for precise delivery to tumor tissues. This mechanism helps extend circulation time and enhances targeting of lymphatic and tumor regions. The FHAB technology also enables modular development of cytokines, antibodies, vaccines, and peptides. This flexibility could support new therapeutic programs and strategic partnerships in the biopharmaceutical sector. Transaction Advances Toward Completion With SEC Filings Hyperliquid Strategies Inc filed a registration statement on Form S-4, which became effective on October 27, 2025. Sonnet mailed the related proxy statement and prospectus to stockholders the same day to outline the terms of the proposed transaction. HSI’s securities are expected to be listed on Nasdaq after the transaction closes. This listing may increase market visibility and improve access to future capital for the combined entity. Sonnet, HSI, and Rorschach each encouraged investors to review SEC filings for full details of the transaction. These documents include important disclosures on the business combination, including potential financial impacts and…
Filed under: News - @ December 2, 2025 4:08 pm