Solana Treasury Firm Dangles 13% Dividends to Bankroll Its Next SOL Buys
DeFi Development Corp. plans to raise up to $20 million through a preferred stock offering. It carries an initial annual dividend rate of 13%.
The Solana (SOL) treasury company intends to use part of the proceeds to buy more SOL. It resumed accumulation last week as market conditions turned more favorable.
What the Preferred Stock Offers
DFDV announced that it plans to conduct an IPO of its Variable Rate Series C Perpetual Preferred Stock, known as CHAD Stock.
Dividends will accrue on a stated amount of $10 per share. Payments will be made each business day of each calendar month, beginning October 1, 2026.
The initial annual dividend rate is 13%, subject to adjustment under the stock's terms. DFDV also intends to deposit $1.30 per share into a separate account at closing.
The reserve would cover 12 months of dividend payments at the initial 13% rate. The company can fund it with existing cash, financial instruments, and/or digital assets. R.F. Lafferty & Co. is acting as the sole book-running manager.
โฆ Continue reading the full article at the original source below.
