TechFlow, August 25 — According to Globe Newswire, U.S.-listed company DeFi Development Corp. (Nasdaq: DFDV) announced it is entering into a $125 million equity financing agreement at an issuance price of $12.50 per share. The company will issue approximately 4.2 million shares of common stock and about 5.7 million pre-funded warrants, with the transaction expected to close on August 28.
The company will receive cash and locked SOL as consideration, and the proceeds will be used to purchase spot SOL and discounted locked SOL to expand its SOL reserve holdings.
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