DeFi Development to issue US $100 million convertible notes, including to increase SOL holdings
2025-07-01 22:57:01
DeFi Development Corp. (NASDAQ: DFDV) announced plans to issue a private placement of $100 million convertible senior notes due in 2030. The proceeds raised will be used in part to repurchase the company's common stock through forward contracts, and the remaining funds will be used for general corporate purposes, including an increase in its Solana (SOL) holdings.
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