DeFi Development Corp. elects new director, details warrant dividend terms

DeFi Development Corp.

Thomas Perfumo elected to board, filling vacancy from Marco Santori; granted 7,000 RSUs vesting quarterly over one year.
Warrant dividend: one warrant per 10 common shares as of Oct 23, 2025 record date; also to holders of certain convertible notes.
Exercise price $22.50; expires Jan 21, 2028, but early if VWAP >= $27 for 20 of 30 consecutive trading days.
Distribution on or about Oct 27, 2025; warrants expected to trade on Nasdaq under DFDVW.
Proceeds from exercise used for general corporate purposes including acquisition of SOL and working capital.

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