CORP DEFI DEFI (DFDV)A company listed in Nasdaq with a cryptographic cash flow strategy on Solana
said on Wednesday that it issued $ 112.5 million in convertible tickets to increase capital for a share buy -back program and more soil purchases.
The ticket offer, which has been increased by $ 100 million, made in 2030 with an annual rate of 5.5% and will offer investors the right to convert debt into equity to $ 23.11 per share, a premium of 10% of the fence price on Monday.
Investors can also buy $ 25 million in more tickets in this Tour, which should close on July 7.
DFDV shares exchanged 12% down during the session on Wednesday. It is more than 60% lower than the peak of May, but the company’s crypto pivot pushed it to around 3,500%.
The company aims to use $ 75 million in the product for a prepared term purchase transaction which is being negotiated with one of the first investors in convertible tickets, according to the press release. This installation would allow the investor to cover the position of the convertible notes through derived transactions and uncovered sales, said the company.
The rest of the capital would go to the general use of companies, including the acquisition of more soil token.
DEFI DEV, formerly known as the Janover real estate technology platform, is part of a growing list of listed companies collecting funds by selling stocks and debt to add cryptocurrencies to their balance sheet, following the Strategy game game with Bitcoin
. The company focuses on Solana’s blockchain, operating validators and accumulating the native token of the network.
The last round of fundraising follows the line of credit of $ 5 billion last month with RK Capital Management.
Read more: DEFI Addition of $ 5 billion in Solana purchasing power with a new credit line
