DeFi Development Corp. raised $112.5M via convertible notes, targeting Solana (SOL) acquisition

DeFi Development Corp. raised $112.5M via convertible notes, targeting Solana (SOL) acquisition

• $112.5M convertible notes priced at 5.5% due 2030.

• $75.6M allocated to buy SOL tokens.

• Prepaid forward deal facilitates investor hedging

Source: X


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