DeFi Development Prices $11M Series C Preferred Offering at $8.00, Down from $9.00 Talk
DFDV has more than doubled off its 52-week low of $2.44.
Summary
DeFi Development Corp. priced its Series C perpetual preferred offering at $8.00 per share, raising $11 million — down from the $20 million originally proposed. The 13% variable-rate preferred stock will list on Nasdaq under ticker CHAD.
Key Events · Financing and Capital Events · DFDV
-
Series C Preferred Priced at $8.00
1,375,000 shares of Variable Rate Series C Perpetual Preferred Stock priced at $8.00 per share, raising $11.0 million gross — down from the $20 million originally proposed and below the $9.00 price talk.
-
Underwriting Terms Finalized
R.F. Lafferty & Co. receives 6.0% discount on underwriter-introduced investors and 2.0% on Company-introduced investors, plus a 30-day option to purchase up to 206,250 additional shares.
-
Dividend Structure and Reserve
Initial dividend rate of 13.00% per annum on $10.00 stated amount, with a dividend reserve of $1.30 per share funded at closing to cover first 12 months of payments.
-
Nasdaq Listing Under CHAD
CHAD Stock approved for listing on Nasdaq Capital Market under symbol CHAD, with trading expected to commence promptly after September 8, 2026 settlement.
Analysis · DFDV · Crypto Assets
DeFi Development Corp. finalized its Series C perpetual preferred stock offering at $8.00 per share, raising $11.0 million in gross proceeds — a meaningful downsize from the $20 million originally proposed and below the $9.00 price talk. The 13% variable dividend rate and $10.00 stated amount create a complex instrument with a dividend reserve funded at closing. The offering provides capital for SOL acquisitions but adds a new senior security ranking above common stock, with cumulative dividends that could pressure future cash flows.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 30% of the 1972 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. 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 $6.00 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $182M. The 52-week trading range was $2.44 to $18.99. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.