DeFi Development Corp. (DFDV): debt financing — DeFi Development Corp. closes $112.5M 5.5% convertible notes offering; $75.6M prepaid forward repurchase

DeFi Development Corp.

Raised $112.5M in 5.5% convertible senior notes due 2030, upsized from originally planned $100M.
Initial conversion price $23.11 per share, ~10% premium to $21.01 closing price on July 1.
Net proceeds ~$108.1M; used $75.6M for a prepaid forward stock purchase of ~3.6M shares.
Remainder of proceeds for general corporate purposes including acquisition of Solana (SOL).
Notes not redeemable before July 5, 2026; redeemable thereafter if stock price ≥150% of conversion price.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DeFi Development Corp. incurred convertible notes of $112.5 million with Cantor Fitzgerald & Co. at 5.50% per year maturing July 1, 2030.

Instrument: convertible notes
Principal: $112.5 million
Counterparty: Cantor Fitzgerald & Co.
Rate: 5.50% per year
Maturity: July 1, 2030
Event: incurrence

Exact text from the filing

institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of notes sold in the offering was $112.5 million. In addition, the Company granted the Initial Purchasers an option to purchase up to an additional $25,000,000 million aggregate principal amount of notes. The notes were issued

View on SEC.gov

103 debt financings filed in the last 30 days. Browse all debt financings →

DeFi Development Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-061793

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.