DeFi Development

DeFi Development completed a public placement of perpetual Series C preferred shares (ticker CHAD) at $8.00 per share with a par value of $10.00, raising roughly $11 million gross. The share certificates carry an initial annual dividend rate of 13.0% (effective yield ~16.25% on the offering price) and pay cumulative dividends; the shares are non-convertible. Net proceeds are intended essentially for the acquisition of additional Solana (SOL); the company expects the transaction to be accretive to SOL holdings per share. R.F. Lafferty & Co. acted as sole bookrunner, investors include Thomas Lee, and DeFi Development pursues a treasury strategy focused on SOL as well as the operation of validator infrastructure. » Plus sur de.investing.com

DeFi Development intends to issue perpetual, variable-rate Series C preferred shares totaling up to $20 million with a 30-day overallotment option of up to 15%. The shares have a $10 par value and pay cumulative dividends; the initial annual rate is 13.00% and the first regular payment is scheduled for October 1, 2026. At closing the company plans to establish a reserve for the first 12 months of dividends and to use the net proceeds for general corporate purposes, including working capital, the acquisition of Solana and other digital investments. R.F. Lafferty & Co. will act as sole bookrunner; the offering is being made under an S-3 registration effective April 27, 2026 and is subject to market conditions. » Plus sur de.investing.com

DeFi Development reports a value of 0.0670 SOL per share, up 108% versus the prior year and 1% since the end of March. Total holdings amount to 2,294,576 SOL and SOL equivalents, an increase of 3% since the end of March. The company repurchased convertible notes with a face value of about 4.4 million USD for roughly 2.6 million USD and reaffirmed its forecast of 0.075 SOL per share for June 2026 as well as the target of 1.0 SOL per share by December 2028. DeFi Development remains unprofitable (EPS -4.00 USD) but recorded a 442% increase in revenue; analysts have price targets between 6 and 9 USD. » Plus sur de.investing.com