- DeFi Development Corp. (DFDV) announced a **$125 million equity offering** to accelerate its Solana treasury growth.  **[1805526_0000950170-25-111256_dfdv-ex99_1.htm:0]** 
- The offering includes approximately **4.2 million shares of common stock** at **$12.50 per share** and approximately **5.7 million pre-funded warrants** at **$12.4999 per share**.  **[1805526_0000950170-25-111256_dfdv-ex99_1.htm:0]** **[1805526_0000950170-25-111256_dfdv-20250824.htm:1]** 
- The company will receive a mix of **cash (approximately $92.5 million)** and **locked Solana (SOL) (approximately $32.5 million)** as consideration.  **[1805526_0000950170-25-111256_dfdv-ex99_1.htm:0]** **[1805526_0000950170-25-111256_dfdv-20250824.htm:1]** 
- Net proceeds will be deployed into **spot SOL and discounted locked SOL** to expand treasury holdings, with the transaction expected to be **NAV/share accretive and SPS accretive**.  **[1805526_0000950170-25-111256_dfdv-ex99_1.htm:0]** **[1805526_0000950170-25-111256_dfdv-ex10_1.htm:17]** 
- The transaction is expected to close on **Thursday, August 28, 2025**.  **[1805526_0000950170-25-111256_dfdv-ex99_1.htm:0]** **[1805526_0000950170-25-111256_dfdv-20250824.htm:1]**

DeFi Development (DFDV)