DeFi Development Corp sets up USD 300 million CHAD preferred stock ATM program
DFDV•Use of proceeds
Net proceeds are intended primarily to fund additional Solana purchases as the company expands its SOL treasury strategy.
At-the-market preferred stock program
DeFi Development Corp. set up an at-the-market program for up to $300 million of Variable Rate Series C Perpetual Preferred Stock (Nasdaq: CHAD).
Sales will run through R.F. Lafferty as sole agent, with issuance expected at or above $10 per share, CHAD’s par value.
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