---
schema_version: "secwatch.filing_event.v1"
accession: "0001575872-23-001247"
form_type: "8-K"
ticker: "DFDV"
cik: "0001805526"
company_name: "DeFi Development Corp."
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:14:47.470078+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Janover raises $5.65M in IPO, lists on Nasdaq under ticker JNVR

## Summary
- Offered 1,412,500 shares of common stock at $4.00 per share; gross proceeds ~$5.65M.
- Shares began trading on Nasdaq Capital Market on July 25, 2023 under symbol JNVR.
- Net proceeds to fund product development, sales/marketing, and working capital.
- Underwriters include Spartan Capital Securities and R.F. Lafferty & Co., Inc.
- Board of Directors appointed: William Caragol, Samuel Haskell, Marcelo Lemos, Ned L. Siegel; audit and compensation committees formed.

## SEC filing metadata
- accession: 0001575872-23-001247
- form_type: 8-K
- ticker: DFDV
- cik: 0001805526
- company_name: DeFi Development Corp.
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001247/0001575872-23-001247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001247/jnvr-20230724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-23-001247
- JSON: https://secwatch.observer/filing/0001575872-23-001247.json
- Plain text: https://secwatch.observer/filing/0001575872-23-001247.txt

## Key facts
- Executive change
  Ned L. Siegel was appointed as Director at DeFi Development Corp..
  - Action: appointed
  - Role: Director
  source text: William Caragol, Samuel Haskell, Marcelo Lemos. Ned L. Siegel were automatically appointed members of the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001247/0001575872-23-001247-index.htm
- Executive change
  Samuel Haskell was appointed as Director at DeFi Development Corp..
  - Action: appointed
  - Role: Director
  source text: William Caragol, Samuel Haskell, Marcelo Lemos. Ned L. Siegel were automatically appointed members of the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001247/0001575872-23-001247-index.htm
- Executive change
  Marcelo Lemos was appointed as Director at DeFi Development Corp..
  - Action: appointed
  - Role: Director
  source text: William Caragol, Samuel Haskell, Marcelo Lemos. Ned L. Siegel were automatically appointed members of the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001247/0001575872-23-001247-index.htm
- Executive change
  William Caragol was appointed as Director at DeFi Development Corp..
  - Action: appointed
  - Role: Director
  source text: William Caragol, Samuel Haskell, Marcelo Lemos. Ned L. Siegel were automatically appointed members of the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001247/0001575872-23-001247-index.htm
- Material Agreements
  DeFi Development Corp. entered into Underwriting Agreement with Spartan Capital Securities, LLC and R.F. Lafferty & Co., Inc. valued at $5.65 million (effective 2023-07-24).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Spartan Capital Securities, LLC and R.F. Lafferty & Co., Inc.
  - Value: $5.65 million
  - Effective: 2023-07-24
  source text: On July 24, 2023, Janover Inc., a Delaware corporation (the " Company "), entered into an underwriting agreement (the " Underwriting Agreement ") with Spartan Capital Securities, LLC (" Spartan "), and R.F. Lafferty & Co., Inc. (" RF Lafferty ", collectively with Spartan, the " Representatives "), as representatives of the underwriters named on Schedule 1 thereto, relating to the Company’s initial public offering (the " Offering ") of 1,412,500 shares (the " Shares ") of the Company’s common stock, par value $0.00001 per share, at an Offering price of $4.00 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001247/0001575872-23-001247-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.