DeFi Development Prices Initial Public Offering Of 1,375,000 Shares Of Variable Rate Series C Perpetual Preferred Stock At $8.00 Per Share

Shares of crypto-linked stocks are trading lower amid a decline in Bitcoin after climbing bond yields and August's economic data raised inflation concerns and interest-rate hike expectations. Rising rates can pressure risk assets as investors become more cautious and shift toward safer investments.

Reported Earlier, DeFi Development Intends To Conduct An Initial Public Offering Registered Under The Securities Act Of 1933, As Amended, Of Up To $20M Of Shares Of Its Variable Rate Series C Perpetual Preferred Stock

DeFi Development Corp. Announces Proposed Initial Public Offering of Variable Rate Series C Perpetual Preferred Stock

DeFi Development Corp. (DFDV), a U.S. public company focused on accumulating Solana (SOL), announced a proposed IPO of up to $20 million in Variable Rate Series C Perpetual Preferred Stock (CHAD Stock) with an initial daily dividend rate of 13.00% per annum. The company plans to use net proceeds for general corporate purposes, including SOL acquisitions and strategic investments. R.F. Lafferty & Co., Inc. is the sole book-running manager for the offering.