Financing ·
DeFi Development Corp. closed an underwritten public offering of 1,375,000 shares of its Variable Rate Series C…
DFDVDeFi Development Corp.
DeFi Development Corp. closed an underwritten public offering of 1,375,000 shares of its Variable Rate Series C Perpetual Preferred Stock (CHAD) on September 8, 2026, generating approximately $10.3 million in net proceeds after deducting underwriting discounts and estimated expenses. The CHAD Stock was priced at $8.00 per share with a stated amount of $10.00 per share and an initial annual dividend rate of 13.00%. The company established a dividend reserve by depositing $1.30 per share into a separate account to cover the first 12 months of payments. Net proceeds will be used for general corporate purposes, including working capital and acquiring Solana (SOL). DeFi Development Corp. operates in the digital asset and financial technology sector, maintaining a treasury strategy focused on accumulating SOL while providing commercial real estate software services.