CoinVoice has recently learned that, according to The Block, Nasdaq-listed DeFi Development Corp (formerly Janover) announced on Thursday that it expects to secure a total of $24 million in a private equity investment (PIPE), which will help the company fund general corporate purposes, including the purchase of more Solana. Participants in this PIPE include Galaxy Digital, Amber International Holding Limited, Arrington Capital, Republic Digital, Borderless Capital, RK Capital, and Great Point Capital.
The announcement shows that as part of the transaction, DeFi Development Corp will sell approximately 310,000 shares of common stock, along with pre-funding warrants to purchase about 215,000 shares of common stock, with an exercise price of approximately $46 per share. The company's stock is traded on the Nasdaq under the ticker JNVR, and as of the time of writing, the stock price is $76.36.
Following a brand overhaul completed in mid-April, this PIPE financing will further drive the company's strategy to expand the Solana treasury— including staking its holdings to earn interest. As of May 1, the company holds 317,273 SOL, valued at approximately $46.2 million, which includes staking rewards. [Original link]
