Financing ·
DeFi Development Corp. announced on August 31, 2026, its intention to conduct an initial public offering of up to $20…
DFDVDeFi Development Corp.
DeFi Development Corp. announced on August 31, 2026, its intention to conduct an initial public offering of up to $20 million in Variable Rate Series C Perpetual Preferred Stock (CHAD Stock), with a 30-day option for the underwriter to purchase an additional 15%. The stock carries a stated value of $10.00 per share and accrues cumulative dividends at an initial annual rate of 13.00%, payable daily, with the first payment scheduled for October 1, 2026. The company intends to establish a dividend reserve by depositing $1.30 per share into a separate account. Net proceeds will support general corporate purposes, including working capital and acquisitions of Solana (SOL). DeFi Development Corp. operates in the digital asset and fintech sectors, maintaining a treasury strategy focused on accumulating and compounding Solana while providing software-as-a-service solutions to the commercial real estate industry.