other_material
confidence high
sentiment positive
materiality 0.80
DeFi Development Corp. issues SPS guidance, completes $10M convertible notes add-on
DeFi Development Corp.
- Completed additional $10M of 5.50% Convertible Senior Notes due 2030, total now $122.5M.
- Issues first SPS guidance: 0.1650 SPS by June 2026 (261% growth) and 1.0 SPS by Dec 2028.
- Purchased 10,758 SOL at avg $161.30, boosting total SOL holdings to 857,749.
- Total shares outstanding: 18,777,884 as of July 9, 2025.
- Investor presentation highlights mNAV of 3.7x and SOL holdings of $140M.
item 3.02item 7.01item 9.01