other material
confidence high
sentiment neutral
materiality 0.50
DeFi Development Corp. signs ATM agreement to sell up to 30M Series C Preferred shares
DeFi Development Corp.
- Entered Sales Agreement with R.F. Lafferty for up to 30,000,000 shares of Variable Rate Series C Perpetual Preferred Stock (CHAD) via ATM.
- Certificate of Amendment filed Sept 8, 2026 increased authorized CHAD shares from 2,220,000 to 32,200,000.
- Net proceeds to be used for general corporate purposes, including working capital and acquiring Solana (SOL) digital assets.
- Agent commission up to 0.75% of gross proceeds; sales under effective S-3 (333-295142) with prospectus supplement filed Sept 11, 2026.
- Company has no obligation to sell; either party may terminate on 10 days' notice.