CWD Stock Shot Up 49% Pre-Market Today – Here’s What Happened

Shares of Caliber (CWD), a real estate and digital asset management platform provider, shot up over 49% in Wednesday’s premarket after the company finalized a $15.9 million securities deal with an institutional investor. 

The company disclosed that it issued 15,868 shares of Series B preferred stock at $1,000 per share, securing gross proceeds of nearly $15.9 million. 

On Stocktwits, retail sentiment around Caliber stock shifted to ‘bullish’ from ‘extremely bullish’ territory. Message volume changed to ‘normal’ from ‘extremely’ high in 24 hours. 

The preferred stock can be converted into Caliber’s common shares at a rate of $250 per share. The newly issued Series B shares come without voting rights, interest payments, or dividends.

Separately, Caliber announced the launch of a new at-the-market (ATM) equity program under an existing $50 million shelf registration. The ATM mechanism enables Caliber to issue and sell common shares at current market rates, thereby funding its ongoing business goals. At launch, the company has access to roughly $10.3 million in available capital through the program.

Proceeds raised through the ATM are expected to support several corporate initiatives, including the firm’s ongoing acquisition of Chainlink (LINK) tokens as part of its Digital Asset Treasury (DAT) strategy. 

On September 9, the company said it had completed its initial purchase of Chainlink (LINK) tokens. Caliber plans to accumulate LINK in increments with consistent purchases over time. It is the first to announce a Chainlink-backed DAT strategy.

Caliber stock has lost over 54% in 2025 and 48% in the last 12 months. 

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