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.

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.

DeFi Development Corp. completed its reincorporation from Delaware to Nevada, effective June 26, 2026. The company is now governed by Nevada law, the Nevada Charter, and the Nevada Bylaws. All outstanding shares of common stock and Series A Preferred Stock, as well as options, warrants, and convertible notes, converted on a one-for-one basis to the same security classes under the Nevada corporation. The transaction did not change the company's headquarters, management, assets, or liabilities, and common stock continues to trade on Nasdaq under the symbol "DFDV." The company operates in the decentralized finance (DeFi) sector, developing blockchain-based financial technology.

Parker White resigned as Chief Operating Officer and Chief Investment Officer on June 8, 2026, under a separation agreement that includes $250,000 in cash payments over twelve months and accelerated vesting of 213,272 unvested options. The Company also intends to engage Mr. White as a consultant for $8,333 per month to assist with validator operations transition. DeFi Development Corp. operates in the decentralized finance sector and provides validator operations management.