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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 9, 2026
DEFI DEVELOPMENT CORP.
(Exact name of registrant as specified in its charter)
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| Nevada | | 001-41748 | | 83-2676794 |
(State or other jurisdiction
of incorporation) | | (Commission File Number) | | (IRS Employer
Identification Number) |
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6401 Congress Avenue, Suite 250 Boca Raton, FL | | 33487 |
| (Address of registrant’s principal executive offices) | | (Zip code) |
(561) 559-4111
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | | Trading symbol(s) | | Name of each exchange on which registered |
| Common Stock, par value $0.00001 per share | | DFDV | | The Nasdaq Stock Market LLC |
| Warrants, each warrant exercisable for one share of Common Stock | | DFDVW | | The Nasdaq Stock Market LLC |
| Variable Rate Series C Perpetual Preferred Stock, par value $0.00001 per share | | CHAD | | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 9, 2026, the Board of Directors of DeFi Development Corp. (the "Company") appointed, Fei (John) Han, the Company's Chief Financial Officer, to also serve as the Company's Chief Operating Officer, effective immediately. Mr. Han will continue to serve as the Company's Chief Financial Officer, a position he has held since April 2025. There will be no change to Mr. Han's current compensation as a result of his assumption of the role of Chief Financial Officer and Chief Operating Officer.
The information regarding Mr. Han required by Items 401(b), (d) and (e) of Regulation S-K is set forth in Part III, Item 10, “Directors, Executive Officers and Corporate Governance,” of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 30, 2026, and is incorporated herein by reference. Mr. Han has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
On November 11, 2026, the Company issued a press release announcing the appointment of Fei (John) Han as Chief Operating Officer of the Company, in addition to his existing role as Chief Financial Officer, as described in Item 5.02 of this Current Report on Form 8-K. A copy of the press release is furnished herewith as Exhibit 99.1.
The information contained in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| | | | | | | | |
| Exhibit No. | | Description |
| 99.1 | | Press Release, dated as of November 11, 2026 |
| 104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| Date: November 12, 2026 | DEFI DEVELOPMENT CORP. |
| | |
| By: | /s/ Joseph Onorati |
| Name: | Joseph Onorati |
| Title: | Chairman & Chief Executive Officer |
Exhibit 99.1
November 11, 2026
DeFi Development Corp. Promotes John Han to Chief Operating Officer While Continuing as CFO
BOCA RATON, FL — November 11, 2026 — DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the promotion of John Han to Chief Operating Officer (COO), in addition to his existing role as Chief Financial Officer (CFO).
Since joining DeFi Dev Corp., John has played a central role in the Company's financial and operational development, helping guide its growth as a publicly traded Solana treasury company. His leadership has been instrumental in overseeing the Company's financial strategy, capital markets activities, corporate finance, and financial reporting, while contributing to the execution of key strategic initiatives across the organization.
“John has been an integral part of building and scaling DeFi Dev Corp., and his contributions extend well beyond the traditional responsibilities of a CFO,” said Joseph Onorati, Chief Executive Officer of DeFi Development Corp. “His extensive financial background, demonstrated financial acumen, and disciplined approach to execution make him exceptionally well-suited to help lead our next phase of growth, particularly as we advance our bold new capital markets strategy centered around CHAD. Expanding John's role to Chief Operating Officer is a natural evolution of the leadership he has already demonstrated.”
In his expanded role as Chief Operating Officer and Chief Financial Officer, John will oversee the Company's day-to-day business operations, organizational execution, and cross-functional coordination, while continuing to lead its financial strategy, capital markets activities, and financial reporting. His expanded responsibilities will help strengthen the Company's operational infrastructure, improve execution across strategic initiatives, and support DeFi Dev Corp.'s continued growth as it advances its Solana treasury strategy and broader business objectives.
About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.
The Company is also an AI-powered online platform that connects the commercial real estate industry by providing value-add services and software subscriptions to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage. The Company’s data and software offerings are generally offered on a subscription basis as software as a service.
Investor Contact:
ir@defidevcorp.com
Media Contact:
press@defidevcorp.com
