secwatch.observer — SEC 8-K summary
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Issuer:     DeFi Development Corp. (DFDV)
CIK:        0001805526
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0001213900-25-101206
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805526/000121390025101206/0001213900-25-101206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805526/000121390025101206/ea0262083-8k_defi.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-101206

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