DeFi Development prices $19.8M CHAD stock offering
DeFi Development prices $19.8M CHAD stock offering
2.2 million CHAD shares priced at $9 each, giving DeFi Development $19.8 million before expenses.The underwriter may buy 330,000 additional shares, potentially raising total gross proceeds to $22.77 million.CHAD begins with a 13% dividend rate calculated against its $10 stated amount per share.Dividend payments start October 1, then become payable each business day when directors declare them.Offering proceeds may fund Solana purchases, working capital, strategic transactions and other digital asset investments.