DeFi Development Corp. Announces Proposed Initial Public Offering of Variable Rate Series C Perpetual Preferred Stock

DeFi Development Corp. (DFDV), a U.S. public company focused on accumulating Solana (SOL), announced a proposed IPO of up to $20 million in Variable Rate Series C Perpetual Preferred Stock (CHAD Stock) with an initial daily dividend rate of 13.00% per annum. The company plans to use net proceeds for general corporate purposes, including SOL acquisitions and strategic investments. R.F. Lafferty & Co., Inc. is the sole book-running manager for the offering.