DeFi Development Corp proposes $20 million preferred stock offering to buy more SOL
The Nasdaq-listed company intends to use the proceeds to acquire more Solana and crypto-related investments.
Boca Raton, FL - DeFi Development Corp. (DFDV) plans to launch a $20 million preferred stock offering, as announced in a press release. The company intends to give the underwriter a 30-day option to buy up to an extra 15% of shares. The preferred stock will accrue cumulative dividends at a variable rate of 13% annually on a $10 face value per share.
Regular dividends will be paid monthly, beginning on October 1, 2026. The preferred stock is perpetual and has no maturity date. DeFi Development aims to use the proceeds to fund general corporate activities, such as working capital, investments in Solana and other digital assets, strategic deals, and growth plans. R.F. Lafferty & Co., Inc. is the sole book-running manager for the offering, which is based on a shelf registration statement filed with the SEC on April 17, 2026. The company's treasury policy allocates its primary reserve to Solana.
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