According to ChainCatcher, Nasdaq-listed DeFi Development Corp. (Nasdaq: DFDV) officially announced that it will raise $100 million through convertible notes to increase its SOL holdings and repurchase company stocks.
According to previous reports from ChainCatcher, on June 13, DeFi Development Corp. reached a $5 billion equity credit line agreement with RK Capital Management. The agreement allows DeFi Dev to independently sell shares upon meeting certain conditions (such as submitting a resale registration file to the U.S. Securities and Exchange Commission). The company stated that it will submit the required documents soon. This will provide DFDV with the flexibility to raise funds at the most strategically significant moment, helping to continuously increase SOL holdings and accelerate its "Shares per SOL" (SPS) growth.
