secwatch.observer — SEC 8-K summary
======================================

Issuer:     DeFi Development Corp. (DFDV)
CIK:        0001805526
Form:       8-K
Filed at:   2026-09-01T13:22:37+00:00
Accession:  0001805526-26-000083
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DeFi Development Corp. plans $20M preferred stock IPO with 13% dividend yield
-----------------------------------------------------------------------------

- Up to $20M of Variable Rate Series C Perpetual Preferred Stock ('CHAD Stock') IPO; underwriter 30-day option for 15% more.
- Stated value $10/share; cumulative dividends at variable annual rate, initial 13%, payable daily; first dividend Oct 1, 2026.
- Dividend reserve funded with $1.30/share (12 months of dividends) from existing cash/digital assets.
- Net proceeds for general corporate purposes: working capital, SOL and digital asset investments, strategic transactions, growth.
- Sole book-runner R.F. Lafferty & Co.; offering via effective Form S-3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805526/000180552626000083/0001805526-26-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805526/000180552626000083/dfdv-20260831.htm
  HTML page:      https://secwatch.observer/filing/0001805526-26-000083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer