InvestmentMay 1, 2026, 04:53 PM
DeFi Development Corp. to Offer Up to $200M in Common Stock
AI Summary
DeFi Development Corp. has entered into a sales agreement with R.F. Lafferty & Co., Inc. to offer and sell up to $200 million of its common stock through an "at-the-market" offering. The company intends to use the net proceeds from these sales for working capital, acquiring Solana (SOL) digital assets, and funding strategic initiatives. The sales agent will receive a commission of up to 0.75% of the gross proceeds from sales.
Key Highlights
- DeFi Development Corp. entered a sales agreement for an "at-the-market" offering.
- May offer and sell up to $200 million of common stock through the Agent.
- Net proceeds will be used for working capital purposes.
- Funds will also be used for acquiring Solana (SOL) digital assets.
- Proceeds are intended for strategic initiatives.
- R.F. Lafferty & Co., Inc. will act as the sales agent.
- The Agent will receive a cash commission of up to 0.75% of gross proceeds.