Decentralized Finance Development will distribute dividends in the form of warrants and seek to raise $73.5 million in funding to support the acquisition of SOL.

According to a report by Jinse Finance, Nasdaq-listed company DeFi Development (DFDV) announced that it will distribute special dividends to common stockholders in the form of subscription warrants until October 23, 2025. Based on the currently issued common stock and convertible preferred notes, the company expects to allocate up to approximately 3.3 million subscription warrants, each of which will grant the holder the right to subscribe for one share of common stock at an exercise price of $22.50. Assuming all shareholders exercise the subscription warrants, the company will raise $73.5 million for the acquisition of SOL and working capital.