TechFlow, September 24 — According to GLOBE NEWSWIRE, DeFi Development Corp. (Nasdaq: DFDV), a publicly traded SOL treasury company listed on the U.S. stock market, announced that its board of directors has approved a significant increase in the authorization of its existing share repurchase program from $1 million to up to $100 million.
The repurchase program authorizes the company to repurchase common shares in the open market under Rule 10b-18 of the Securities Exchange Act of 1934. The company has set an initial threshold of $10 million, requiring management to report to the board before executing additional purchases. All repurchased shares will either be canceled and restored to authorized but unissued status or held as treasury shares. The timing, method, and amount of repurchases will be determined by management based on market conditions and other factors, and the program may be modified, suspended, or terminated at any time.
