other_material
confidence high
sentiment neutral
materiality 0.60
DeFi Dev Corp raises ~$124M in equity, purchases $77M SOL; total Solana holdings 1.83M
DeFi Development Corp.
- Issued 4,171,907 shares at $12.50 and 5,781,636 pre-funded warrants at $12.4999 in private placement.
- Acquired 407,247 SOL at avg $188.98, funded by equity proceeds; total SOL & equivalents now 1,831,011 (~$371M).
- Current SOL per share (SPS) 0.0864 ($17.52); fully diluted share count ~31M, SPS expected above 0.0675.
- Over $40M net proceeds remain for future SOL purchases and treasury operations.
- Shares outstanding after offering (including new shares) ~25.4M; press release reports ~21M excluding new issuance.
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