DeFi Development (NASDAQ:DFDV) announced a special dividend in the form of warrants for holders of common stock as of October 23, 2025. Registered stockholders will receive one warrant for every ten shares held. The company expects to distribute approximately 3.3 million warrants by October 27, 2025, enabling holders to purchase a share of common stock at an exercise price of $22.50.

Holders of the company’s convertible senior notes due 2030 will receive warrants on an as-converted basis. If all warrants are exercised, the company could receive up to $73.5 million in gross proceeds. DeFi Development plans to use the funds for general corporate purposes and acquiring SOL, following a significant expansion of its share repurchase program to up to $100 million.

In August, DeFi Development reported second-quarter earnings of $0.84 per share, a 4,300% upside surprise, with revenue of $1.99 million, up 350% year-over-year. During premarket trading on Wednesday, shares were up 1.31% at $15.45. The company aims to provide a non-dilutive option for capital raising through the distribution of warrants to stockholders.

Read more at Yahoo Finance: DeFi Development Issues Special Stock Dividend Warrants