DeFi Development Authorizes 32.2M CHAD Preferred Shares for New $300M ATM Program
DFDV has more than doubled off its 52-week low of $2.44.
Summary
DeFi Development Corp. filed an 8-K detailing a new ATM program to sell up to 30 million CHAD preferred shares, backed by a 15-fold increase in authorized shares to 32.2 million. The program could raise up to $300 million for working capital and Solana acquisitions.
Key Events · Financing and Capital Events · DFDV
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CHAD Authorized Shares Increased 15-Fold
Certificate of Amendment filed September 8, 2026 increased authorized CHAD preferred shares from 2,220,000 to 32,200,000 — a 29,980,000 share increase.
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New $300M ATM Program Launched
Sales Agreement with R.F. Lafferty & Co. allows sale of up to 30,000,000 CHAD shares at market prices, representing up to $300 million in potential gross proceeds at the $10.00 stated amount.
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Agent Compensation and Floor Price
Agent earns up to 0.75% commission on gross proceeds; ATM sales cannot occur below a $1.00 floor price without agent consent.
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Use of Proceeds
Net proceeds earmarked for general corporate purposes, working capital, and acquiring Solana (SOL) digital assets.
Analysis · DFDV · Crypto Assets
DeFi Development Corp. has expanded its authorized CHAD perpetual preferred stock from 2.22 million to 32.2 million shares — a nearly 15-fold increase — to support a new at-the-market program that could raise up to $300 million at the $10.00 stated amount. The company retains full discretion over whether and when to sell, and the agent earns a modest 0.75% commission. Proceeds are earmarked for working capital and acquiring Solana (SOL) digital assets, aligning with the company's treasury strategy. This follows the $11 million Series C preferred offering that closed just three days ago on September 8, 2026, and comes amid a $27.3 million Q2 net loss and material weaknesses in internal controls disclosed in August.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.2% of the 1943 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DFDV was trading at $5.08 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $165.7M. The 52-week trading range was $2.44 to $18.99. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.