[DeFi Development Corp. Announces Pricing of 'CHAD' Preferred Stock IPO, Expected to Raise $11 Million] DeFi Development Corp. (NASDAQ: DFDV) announced that the initial public offering of its variable-rate Series C perpetual preferred stock, 'CHAD Stock,' was priced on September 3. A total of 1.375 million shares will be issued at a price of $8 per share, with underwriters granted a 30-day option to purchase an additional 206,250 shares. The company expects gross proceeds from this offering to be approximately $11 million (before deducting underwriting discounts, commissions, and offering expenses). The transaction is scheduled to close on September 8. Net proceeds from the offering will be used for general corporate purposes, including purchasing Solana (SOL) and other digital assets, strategic transactions, and growth initiatives.