The board of DeFi Development Corp. has approved a 1-for-7 stock split of its issued common stock. This split will increase the company's outstanding shares from approximately 2 million shares to 14 million shares, while the authorized capital remains unchanged. The company stated: "The stock split is intended to enhance liquidity and make the stock more accessible to a broader group of investors. The company will continue to execute its corporate treasury strategy focused on accumulating SOL and infrastructure ownership." Each shareholder will receive an additional six shares on May 19, and if approved by NASDAQ, trading will resume on May 20 with the adjusted split. (TheBlock)
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Decentralized Finance Development approved 1 play people for suckers 7 stock split, continue to bet on Solana
The board of DeFi Development Corp. has approved a 1-for-7 stock split of its issued common stock. This split will increase the company's outstanding shares from approximately 2 million shares to 14 million shares, while the authorized capital remains unchanged. The company stated: "The stock split is intended to enhance liquidity and make the stock more accessible to a broader group of investors. The company will continue to execute its corporate treasury strategy focused on accumulating SOL and infrastructure ownership." Each shareholder will receive an additional six shares on May 19, and if approved by NASDAQ, trading will resume on May 20 with the adjusted split. (TheBlock)