DeFi Development (DFDV) files for $65M preferred stock offering

DeFi Development (NASDAQ: DFDV):

We are offering $65,000,000 of shares of our 10.00% Series C Cumulative Perpetual Preferred Stock, which we refer to as our “Series C Perpetual Preferred Stock.”

DIVIDENDS

Subject to the preferential rights, if any, of the holders of any class or series of capital stock of the Company ranking senior to the Series C Perpetual Preferred Stock as to dividends, the holders of the Series C Perpetual Preferred Stock will be entitled to receive, when, as and if declared by the Board (or a duly authorized committee of the Board), only out of funds legally available for the payment of dividends, cumulative cash dividends at the annual rate of 10.00% of the $100.00 liquidation preference per year. Dividends on the Series C Perpetual Preferred Stock will accumulate and be cumulative from, and including, the date of original issue by us of the Series C Perpetual Preferred Stock.

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