{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-029172","form_type":"8-K","ticker":"DFDV","cik":"0001805526","company_name":"DeFi Development Corp.","filed_at":"2025-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.796953+00:00","generated_at":"2026-05-23T19:50:02.420151+00:00","sec_items":["1.01","2.03","3.02","5.01","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Janover raises $42M convertible notes, new CEO Onorati, adopts Solana treasury after control change","bullets":["Raised ~$42M via 2.5% convertible notes due 2030 with warrants; conversion requires $100M market cap.","Blake Janover sold 51% of common stock and all Series A Preferred to Defi Dev LLC and NS Corp for $4M.","Joseph Onorati appointed Chairman & CEO; Marco Santori, Zachary Tai join board; Parker White named COO & CIO.","Board approved including Solana (SOL) as treasury asset; company plans validator operations and DeFi strategies.","Three prior directors resigned; Blake Janover becomes Chief Commercial Officer."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-029172","json":"https://secwatch.observer/filing/0001213900-25-029172.json","markdown":"https://secwatch.observer/filing/0001213900-25-029172.md","text":"https://secwatch.observer/filing/0001213900-25-029172.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805526/000121390025029172/0001213900-25-029172-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805526/000121390025029172/ea0237322-8k_janover.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T19:50:02.420151+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"018de19110","claim":"Joseph Onorati was elected as Director at DeFi Development Corp..","evidence_excerpt":"On April 4, 2025, the Board elected each 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The aggregate purchase price was $4,000,000. The transactions under the Purchase Agreement constitute a change in control of the Company.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805526/000121390025029172/0001213900-25-029172-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Defi Dev LLC and 3277447 Nova Scotia Ltd"},{"label":"Consideration","value":"$4,000,000"},{"label":"Closing","value":"2025-04-04"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}