DeFi Development Corp. (DFDV) is down 10.9% in after-hours trading, slipping to $18.72 on Tuesday, July 1, 2025 following $100M convertible notes offering announcement.
DeFi Development Corp. (DFDV) announced plans to offer $100 million aggregate principal amount of convertible senior notes due 2030 in a private offering. The offering targets qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended. A portion of the net proceeds will be used to repurchase shares of its common stock.
The remaining funds are expected to support general corporate purposes, including the acquisition of SOL. The convertible notes will be convertible into cash, shares of common stock, or a combination of both, at the company’s election.
The stock closed the regular session at $21.01, after opening at $20.23 and fluctuating between $19.12 and $22.30 throughout the day. Trading volume reached 885.50 thousand shares during the session