Defi Dev (DFDV) raises $ 112 million to buy, more

Defi Development Corp (DFDV)And it is a company listed on the Nasdaq Stock Exchange with a strategy for the Coda Treasury focusing on Solana
and He said On Wednesday, it will issue $ 112.5 million of convertible observations to raise the capital for the shares resets and more Sol purchases.
View notes, which was Decrease From $ 100 million, it will ripen in 2030 at an annual rate of 5.5 % and provides investors the right to convert debts into ownership rights at $ 23.11 per share, which is approximately 10 %, in addition to the closing price on Monday.
Investors also have an option to buy $ 25 million of notes in this tour, which is expected to be closed on July 7.
DFDV shares decreased by 12 % in Wednesday’s session early. This is less than 60 % of May’s peak, but the company’s encryption axis pushed it about 3500 %.
The company aims to use 75 million dollars in the proceeds of the submitted stock purchase treatment that is negotiated with one of the first investors in the transferable notes, according to the press statement. The company said that this facility will allow the investor to hedge from the positionable observation position through derivative trading and short sales.
The remaining part of the capital will go to the use of public companies, including the acquisition of more distinctive symbols.
Defi Dev, previously known as the Janover Real Estate Technology platform, is part of an increasing list of companies circulating to the public that collect funds by selling shares and debts to add encrypted currencies to their public budget, and after Playbook book with Bitcoin
. The company focuses on Solana Blockchain, operating fighters and assembling the original network.
The latest tour of the donation collection is affiliated with last month A 5 billion dollar credit line With RK Capital Management.
Read more: Defi Add $ 5 billion of Solana purchase with a new credit line
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