Defi Development Corp. (DFDV), the nasdaq -noted company pursuing a Solana
Treasury Strategy, plans to get some more dry powder to increase its sun stack.
According to a press release from Thursday, the company has secured equity of $ 5 billion with RK Capital Management. The agreement allows defi dev allows to sell shares at its discretion as long as it meets conditions such as submitting a resale registration to the US Securities and Exchange Commission. The company said it will soon be planning to archive the necessary paperwork.
“We now have the flexibility and structure we need to scale,” said Joseph Onorati, CEO. “This is a pure, strategic path to continue to grow sun per share and compound validator yield.”
DFDV shares rebound from early losses and increased 12% during the Thursday session.
The company, formerly known as Real Estate Tech Platform Janover, is part of a growing trend with listed companies,
.
The company focuses on Solana and accumulates the network’s original token and operating validators. It held over the 609.00 Sun -Tokens from May 16, worth $ 96 million at current prices.
The latest step comes shortly after the company withdrew a previous filing for a sale of $ 1 billion, with plans to revive again.
