DeFi Development Corp. Sets IPO Price for CHAD Stock, Targeting $11 Million in Funding

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DeFi Development Corp. (NASDAQ: DFDV) priced its IPO for CHAD stock on September 3, offering 1,375,000 shares at $8 each. An underwriter option permits an additional 206,250 shares within 30 days. The company aims to raise $11 million in gross proceeds, with funds allocated for corporate purposes, including purchases of Solana (SOL) and growth initiatives. On-chain data indicates growing interest in altcoins to watch, as the market responds to new listings and token movements. The transaction settles on September 8.

According to Huoxing Finance, DeFi Development Corp. (Nasdaq: DFDV) announced that its initial public offering of variable-rate Series C perpetual preferred shares, “CHAD Stock,” was priced on September 3, with 1,375,000 shares issued at $8.00 per share; the underwriters have also been granted an option to purchase an additional 206,250 shares within 30 days. The company expects gross proceeds of approximately $11 million from this offering (before deducting underwriting discounts, commissions, and offering expenses), with settlement planned for September 8. The net proceeds will be used for general corporate purposes, including the purchase of Solana (SOL) and other digital assets, strategic transactions, and growth initiatives.

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