Overview
- More than 95% of votes cast support the business combination with Hyperliquid Strategies and Rorschach I LLC.
- The proposal remains unapproved because participation has not reached the majority-of-outstanding-shares threshold required to pass.
- The special meeting is scheduled to resume at 9:00 a.m. ET on December 2, 2025, with the board urging shareholders to vote for all proposals.
- HSI’s shares have been approved for listing on Nasdaq, according to Hyperliquid Strategies CEO David Schamis.
- The deal would shift Sonnet into a digital-asset treasury focused on the HYPE token, which coverage describes as a roughly $1 billion venture.