On May 8th, according to official sources, the publicly traded company DeFi Development Corp. announced that its board of directors has approved a stock split for the company's issued and outstanding common shares.
The stock split will result in each shareholder, as of the close of trading on May 19, 2025, receiving six additional shares for every one share held. Since the company's stock is traded on Nasdaq, the stock trading platform needs to provide final approval. If approved, the stock will begin trading on a split-adjusted basis on May 20th.
After the split, the company's outstanding shares will increase from 2,011,887 to approximately 14,083,209 shares. The company's authorized capital will remain unchanged.
