Crypto

DeFi Development Closes $11M Preferred Stock Offering, Targets More SOL

Guavy AI Editorial Team Published September 9, 2026

DeFi Development Corp., a Nasdaq-listed company, has closed its $11 million CHAD preferred stock offering, generating approximately $10.3 million in net proceeds.

The company plans to use substantially all of these funds to purchase additional SOL for its treasury.

CHAD is perpetual non-convertible preferred stock with a 13% initial dividend rate and trades on the Nasdaq Capital Market under the ticker CHAD.

The Wire

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