DeFi Development approves 1 split, 7 stock splits, continues to bet on Solana
2025-05-07 22:25:51
DeFi Development Corp.'s board of directors has approved a one-for-seven share split of its outstanding common stock. The split increases the company's outstanding shares from about 2 million to 14 million, but leaves the authorized share capital unchanged. "The stock split is designed to enhance liquidity and make the stock more accessible to a broader investor base, and the company will continue to execute its corporate treasury strategy centered on the accumulation of SOL and infrastructure ownership," the company said. Each shareholder will receive an additional six shares on May 19, and trading will resume on May 20, adjusted for the split, if approved by Nasdaq.
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