DeFi Development Corp. Announces Closing of $24 Million Private Placement
DeFi Development Corp. (NASDAQ: DFDV), formerly known as Janover Inc., has successfully closed a private investment in public equity (PIPE) financing, raising $24 million in gross proceeds. The company sold 315,838 shares of common stock at $46.00 per share and pre-funded warrants for 207,679 shares at $45.99 per underlying share.
The net proceeds will be used for general corporate purposes, with a focus on continuing to accumulate Solana (SOL). The securities were sold through a private placement and are subject to registration restrictions. The company has agreed to file a registration statement with the SEC for the resale of the common stock shares.
DeFi Development Corp. (NASDAQ: DFDV), precedentemente nota come Janover Inc., ha concluso con successo un finanziamento privato in azioni pubbliche (PIPE), raccogliendo 24 milioni di dollari di proventi lordi. L'azienda ha venduto 315.838 azioni ordinarie a 46,00 dollari per azione e warrant pre-finanziati per 207.679 azioni a 45,99 dollari per azione sottostante.
I proventi netti saranno utilizzati per scopi aziendali generali, con particolare attenzione all'accumulo continuo di Solana (SOL). I titoli sono stati venduti tramite un collocamento privato e sono soggetti a restrizioni di registrazione. L'azienda ha concordato di presentare una dichiarazione di registrazione alla SEC per la rivendita delle azioni ordinarie.
DeFi Development Corp. (NASDAQ: DFDV), anteriormente conocida como Janover Inc., ha cerrado con éxito una financiación privada en acciones públicas (PIPE), recaudando 24 millones de dólares en ingresos brutos. La compañía vendió 315,838 acciones ordinarias a 46,00 dólares por acción y warrants prefinanciados por 207,679 acciones a 45,99 dólares por acción subyacente.
Los ingresos netos se utilizarán para propósitos corporativos generales, con un enfoque en continuar acumulando Solana (SOL). Los valores fueron vendidos a través de una colocación privada y están sujetos a restricciones de registro. La compañía ha acordado presentar una declaración de registro ante la SEC para la reventa de las acciones ordinarias.
DeFi Development Corp. (NASDAQ: DFDV), 이전 명칭 Janover Inc.,가 성공적으로 사모 공모 투자(PIPE) 자금을 조달하여 2400만 달러의 총 수익을 올렸습니다. 회사는 315,838주의 보통주를 주당 46.00달러에 판매했으며, 기초 주식당 45.99달러에 207,679주의 선지급 워런트도 판매했습니다.
순수익은 일반 기업 목적에 사용되며, 특히 솔라나(SOL)를 계속해서 축적하는 데 중점을 둘 예정입니다. 증권은 사모 배정을 통해 판매되었으며 등록 제한이 적용됩니다. 회사는 보통주 재판매를 위해 SEC에 등록 서류를 제출하기로 합의했습니다.
DeFi Development Corp. (NASDAQ : DFDV), anciennement connue sous le nom de Janover Inc., a réussi à clôturer un financement privé en actions publiques (PIPE), levant 24 millions de dollars de produits bruts. La société a vendu 315 838 actions ordinaires au prix de 46,00 dollars par action ainsi que des bons de souscription préfinancés pour 207 679 actions à 45,99 dollars par action sous-jacente.
Le produit net sera utilisé à des fins générales de l'entreprise, avec un accent particulier sur la poursuite de l'accumulation de Solana (SOL). Les titres ont été vendus par placement privé et sont soumis à des restrictions d'enregistrement. La société s'est engagée à déposer une déclaration d'enregistrement auprès de la SEC pour la revente des actions ordinaires.
DeFi Development Corp. (NASDAQ: DFDV), ehemals bekannt als Janover Inc., hat erfolgreich eine Private Investment in Public Equity (PIPE)-Finanzierung abgeschlossen und dabei 24 Millionen US-Dollar Bruttoerlös erzielt. Das Unternehmen verkaufte 315.838 Stammaktien zu je 46,00 US-Dollar sowie vorfinanzierte Warrants für 207.679 Aktien zu je 45,99 US-Dollar pro zugrundeliegender Aktie.
Die Nettoerlöse werden für allgemeine Unternehmenszwecke verwendet, wobei der Schwerpunkt auf der fortgesetzten Akkumulation von Solana (SOL) liegt. Die Wertpapiere wurden im Rahmen einer Privatplatzierung verkauft und unterliegen Registrierungseinschränkungen. Das Unternehmen hat sich verpflichtet, bei der SEC eine Registrierungserklärung für den Weiterverkauf der Stammaktien einzureichen.
- Successfully raised $24 million in gross proceeds through PIPE financing
- Strategic investment in Solana (SOL) cryptocurrency planned with proceeds
- Agreement to file registration statement for resale of shares, providing future liquidity
- Potential dilution for existing shareholders due to new share issuance
- Securities are restricted and cannot be immediately resold without registration
- Additional expenses from placement agent fees and offering costs will reduce net proceeds
Insights
DeFi Dev Corp raised $24M in private placement, partially funding Solana acquisition strategy, marking significant capital injection amid crypto-focused rebrand.
This $24 million private placement represents a substantial capital infusion for the recently rebranded DeFi Development Corp. The financing structure involved selling 315,838 common shares at
The transaction structure as a PIPE (Private Investment in Public Equity) is noteworthy as it allows the company to raise capital from select investors without immediate public registration. The company has secured registration rights agreements to eventually make these shares tradable, which provides a pathway to liquidity for the private investors.
What's particularly significant is the stated use of proceeds. While mentioning "general corporate purposes," the company specifically highlighted plans for "continued accumulation of Solana (SOL)" - a leading cryptocurrency. This explicit mention signals a strategic commitment to building digital asset exposure on the balance sheet.
The company's formal name change from Janover Inc. to DeFi Development Corp. further underscores this pivot toward decentralized finance technology and assets. This rebranding, coupled with the Solana acquisition strategy, suggests a fundamental business transformation rather than a tactical investment.
From a capital structure perspective, this financing introduces 523,517 potential new shares (including warrants), though the impact on dilution cannot be assessed without knowing the company's current outstanding share count. The pricing at
BOCA RATON, FL, May 08, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (“DeFi Dev Corp” or the “Company”), or formally known as Janover Inc. (Nasdaq: JNVR), today announced the closing of its previously announced private investment in public equity (“PIPE”) financing. The PIPE resulted in gross proceeds of approximately
Pursuant to the terms of the securities purchase agreement, the Company sold 315,838 shares of its common stock and pre-funded warrants to purchase an aggregate of 207,679 shares of its common stock. The purchase price for the shares of common stock was
The securities described above were sold in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and/or Rule 506(b) of Regulation D promulgated thereunder and have not been registered under the Act or applicable state securities laws. Accordingly, the securities may not be resold absent registration under the Act or an applicable exemption from such registration requirements. Concurrently with the execution of the securities purchase agreement, the Company and the investors entered into a registration rights agreement pursuant to which the Company has agreed to file a registration statement with the Securities and Exchange Commission (the “SEC”) registering the resale of the shares of common stock.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: JNVR) has adopted a treasury policy under which the principal holding in its treasury reserve on the balance sheet will be allocated to Solana (SOL). In adopting its new treasury policy, the Company intends to provide investors a way to access the Solana ecosystem. The Company’s treasury policy is expected to provide investors economic exposure to SOL investment.
We are an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions as well as value-add services to multifamily and commercial property professionals as we connect the increasingly complex ecosystem that stakeholders have to manage.
We currently serve more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders including more than
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) the effect of and uncertainties related the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Investor Contact:
ir@defidevcorp.com
Media Contact:
Prosek Partners
pro-ddc@prosek.com
FAQ
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