DeFi Development Corp. (formerly Janover Inc.) priced its Series C Variable Rate Perpetual Preferred Stock IPO at $8.00 per share, raising approximately $11 million through the sale of 1,375,000 shares, which will trade on Nasdaq under the ticker CHAD. The preferred shares offer a 13% cumulative annual dividend, payable daily, with the first payment scheduled for October 1, 2026. The company plans to use the proceeds to acquire additional Solana (SOL) and other digital assets, as well as for strategic transactions. It currently holds approximately 2.33 million SOL, making it the first US public company to build a treasury strategy centered on the Solana network.
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