Shares of Caliber, a real estate asset manager, surged as the firm announced a pivot to a Chainlink treasury, with approval from the board to acquire LINK tokens. Despite an exchange probe, Caliber stock rose by 77% in pre-market trading. The company faces potential Nasdaq delisting due to equity deficit.

Caliber must maintain a stakeholder equity of $2.5 million to avoid delisting, with 45 days to submit a plan and 180 days to cure the lack. SEC filings show a stockholders’ equity deficit of $17.6 million, risking loss of public trading status. A potential Chainlink treasury could restore compliance with listing rules.

Corporate altcoin treasuries are rising in popularity, with companies like Trump Media and Sharps Technology focusing on altcoin treasuries. Trump Media Group announced a CRO treasury, while Sharps Technology saw stock prices surge after unveiling a $400 million Solana treasury. Windtree Therapeutics, with a BNB treasury, faced a 77% drop and Nasdaq delisting.

Read more at Cointelegraph: Caliber up 77% on LINK treasury despite Nasdaq delist risk