Core Viewpoint - DeFi Development Corp. intends to offer up to $65 million of 10.00% Series C Cumulative Perpetual Preferred Stock to fund general corporate purposes, including the acquisition of Solana (SOL) and working capital [1][2]. Group 1: Offering Details - The offering will consist of shares with a 10.00% annual cash dividend based on a $100 liquidation preference, payable quarterly starting December 31, 2025 [3]. - Holders of the Series C Preferred Stock can convert their shares into common stock under certain conditions [4]. - The Company reserves the right to redeem the Series C Preferred Stock under specific circumstances, including if the total liquidation preference falls below 25% of the total issued [5]. Group 2: Market and Listing Information - There is currently no public market for the Series C Preferred Stock, but the Company has applied for listing on The Nasdaq Capital Market under the symbol "CHAD" [6]. - The offering is being conducted under an effective registration statement with the SEC, and a preliminary prospectus is available [7]. Group 3: Company Overview - DeFi Development Corp. has a treasury policy focused on accumulating and compounding SOL, providing investors with direct exposure to the Solana ecosystem [9]. - The Company operates its own validator infrastructure for staking rewards and is engaged in decentralized finance (DeFi) opportunities [9].

As filed with the Securities and Exchange Commission on September 16, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 DEFI DEVELOPMENT CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 7389 83-2676794 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6401 Congress A ...