DeFi Development Corp. Announces Seven-For-One Stock Split
Rhea-AI Summary
DeFi Development Corp. (NASDAQ: DFDV), formerly known as Janover Inc., has announced a 7-for-1 forward stock split of its common shares. The split will be effective for shareholders of record as of May 19, 2025, with trading on a split-adjusted basis expected to begin on May 20, 2025.
Following the split, shareholders will receive six additional shares for each share held, increasing the company's outstanding shares from 2,011,887 to approximately 14,083,209. The company's authorized share capital will remain unchanged, and no shareholder action is required. The split aims to enhance stock liquidity and broaden investor accessibility as the company continues its corporate strategy focused on Solana accumulation and infrastructure ownership.
Positive
- Stock split aims to improve trading liquidity
- Increased accessibility for broader investor base
- No change to authorized share capital
- No action required from shareholders for the split implementation
Negative
- None.
Insights
DeFi Development Corp.'s 7-for-1 stock split aims to increase liquidity and accessibility without changing fundamental company value.
DeFi Development Corp.'s announced 7-for-1 stock split represents a strategic corporate action that will mechanically increase the company's outstanding shares from 2,011,887 to approximately 14,083,209 while keeping the authorized share capital unchanged. This move, effective May 20, 2025, is purely mathematical—each shareholder receives six additional shares for each share held as of May 19.
Stock splits don't alter a company's underlying value or market capitalization. If a share was worth $70 pre-split, post-split each share would be worth $10, with shareholders owning seven times more shares. The percentage ownership and total investment value remain identical.
The stated objectives—enhancing liquidity and broadening investor accessibility—are typical motivations for stock splits. Lower per-share prices can attract retail investors who prefer purchasing round lots (100 shares) or who have psychological barriers to buying higher-priced shares. Historical data suggests that splits often correlate with increased trading volume.
This action aligns with the company's self-described focus as "the leading public-market vehicle for Solana accumulation." As a company providing exposure to the cryptocurrency ecosystem through traditional markets, attracting a broader investor base through more accessible share prices makes strategic sense.
The split occurs following the company's rebranding from Janover Inc., suggesting it's part of a larger strategic repositioning toward cryptocurrency and decentralized finance markets. While the split itself is technically neutral, it reflects management's confidence in their corporate trajectory and desire to optimize their capital markets positioning.
BOCA RATON, FL, May 07, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (“DeFi Dev Corp” or the “Company”), or formally known as Janover Inc. (Nasdaq: JNVR), the leading public-market vehicle for Solana (“SOL”) accumulation, today announced that its Board of Directors has approved a 7-for-1 forward stock split of the Company’s issued and outstanding common shares.
The stock split will result in each shareholder of record as of the close of business on May 19, 2025, receiving six additional shares for every one share held. The implementation of the stock split is subject to the filing of an amendment to the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, which the Company expects to file on May 19, 2025. Subject to final approval by the Nasdaq Capital Market, trading is expected to begin on a post-stock split adjusted basis at market open on May 20, 2025.
Following the split, the Company’s outstanding shares will increase from 2,011,887 to approximately 14,083,209. The Company's authorized share capital will remain unchanged.
The stock split is intended to enhance liquidity in the market for DeFi Dev Corp.’s common stock and make the shares more accessible to a broader base of investors as the Company continues to execute its corporate treasury strategy centered on SOL accumulation and infrastructure ownership.
There will be no change to the Company's name, CUSIP or its current trading symbol in connection with the stock split.
No action is required by shareholders in connection with the stock split. Shareholders who hold their shares through a brokerage account will have their shares automatically adjusted to reflect the stock split. Registered shareholders will receive their additional shares through the Company’s transfer agent.
About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) 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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