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Investing.com -- DeFi Development Corp (NASDAQ:DFDV) stock dropped 6.6% on Tuesday after the company filed a registration statement for the potential resale of nearly 10 million shares by selling stockholders.
The registration covers 4,171,907 shares of common stock and an additional 5,781,636 shares issuable upon exercise of pre-funded warrants with an exercise price of approximately $0.0001 per share. These shares were previously issued in a private placement to the selling stockholders.
The company emphasized that it will not receive any proceeds from the potential sales, as the shares are being registered on behalf of the selling stockholders who may offer them through various methods including underwriters, dealers, agents, or direct sales.
In a separate filing, DeFi Development also announced a $65 million offering of 10.00% Series C Cumulative Perpetual Preferred Stock. The preferred shares will pay quarterly dividends, with the first payment scheduled for September 30, 2025.
The preferred stock will include conversion rights allowing holders to convert their shares into common stock at an unspecified initial conversion rate. DeFi Development has applied to list the Series C Perpetual Preferred Stock on the Nasdaq Capital Market under the symbol "CHAD."
The company’s common stock closed at $16.15 per share on October 13, 2025, according to the filing. DeFi Development trades on the Nasdaq Capital Market under the ticker symbol "DFDV."
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