DeFi Development prices IPO of 1,375,000 Series C perpetual preferred shares at USD 8 each

Reuters2026/09/08 14:02

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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 estimated at about USD 11 million; settlement set for Sept. 8, 2026.
Net proceeds earmarked for general corporate purposes, including acquiring Solana and other digital asset-related investments.
Stock carries a USD 10 stated amount; first regular dividend payment scheduled for Oct. 1, 2026.
Shares eligible for listing on Nasdaq; issuer redemption starts once listed, at USD 11 per share, excluding unpaid dividends.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DeFi Development Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001805526-26-000098), on September 08, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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DeFi Development prices IPO of 1,375,000 Series C perpetual preferred shares at USD 8 each

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