DeFi Development Corp. plans to offer up to $65,000,000 of 10.00% Series C Cumulative Perpetual Preferred Stock to accumulate and compound Solana. The net proceeds will be used for general corporate purposes, including the acquisition of SOL and working capital. Holders of the Series C Preferred Stock will receive quarterly cash dividends at an annual rate of 10.00%. The offering is being made with Benchmark Company as the book-running manager and is subject to SEC approval for listing on The Nasdaq Capital Market. DeFi Development Corp. aims to provide investors with economic exposure to SOL and participate in the growth of the Solana ecosystem through its treasury strategy.

Read more at GlobeNewswire: DeFi Development Corp. Announces Proposed Preferred Stock