DeFi Development priced an IPO of 1,375,000 shares of Variable Rate Series C Perpetual Preferred Stock at USD 8 per share.
- Gross proceeds are estimated at about USD 11 million; settlement is set for Sept. 8, 2026.
- Net proceeds are earmarked for general corporate purposes, including acquiring Solana and other digital asset-related investments.
- The stock carries a USD 10 stated amount; the first regular dividend payment is scheduled for Oct. 1, 2026.
- The shares are eligible for listing on Nasdaq; issuer redemption starts once listed, at USD 11 per share, excluding unpaid dividends.
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