DeFi Development Corp., a Solana treasury company listed on Nasdaq under the ticker DFDV, said its total SOL holdings rose by 55,491 tokens from Aug. 27 to roughly 2.3889 million SOL and SOL equivalents, an increase of about 2%, according to GlobeNewswire. The company also announced an at-the-market program for up to $300 million of its variable rate Series C perpetual preferred stock, trading under the symbol CHAD. R.F. Lafferty & Co. will act as the exclusive sales agent. DeFi Development said the offering price is expected to be no lower than the $10 per share par value, and that net proceeds would be used primarily to acquire additional SOL. The company added that establishing the CHAD ATM program does not mean financing will begin right away, and it is under no obligation to sell any shares.
DeFi Development Corp. (Nasdaq: DFDV), a Solana treasury company, said its total SOL holdings increased by 55,491 tokens from Aug. 27 to about 2.3889 million SOL and SOL equivalents, according to GlobeNewswire. The increase was about 2%.
SOL position expands from Aug. 27
The company said its latest total stands at roughly 2.3889 million SOL and SOL equivalents after adding 55,491 SOL since Aug. 27.
$300 million preferred stock ATM plan announced
At the same time, the company announced an at-the-market program of up to $300 million for its variable rate Series C perpetual preferred stock, listed on Nasdaq under the symbol CHAD. R.F. Lafferty & Co. was named the exclusive sales agent.
DeFi Development said the offering price is expected to be no lower than the $10 per share par value. Net proceeds are set to be used primarily to buy more SOL.
Company says no immediate financing is required
The company said establishing the CHAD ATM program does not mean it will immediately begin raising funds, and it is not obligated to sell any shares.
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