$SOL
DeFi Development Withdraws $1 Billion Shelf Offering After SEC Filing Issues
DeFi Development, formerly known as Janover, has withdrawn its $1 billion shelf offering due to compliance issues with its SEC Form 10-K filing. The company reportedly failed to include a required management report on internal controls, which is a key component for companies looking to raise capital through public offerings.
A portion of the proposed funding had been earmarked for purchasing Solana (SOL), indicating the company’s continued interest in blockchain and digital assets. Despite the setback, DeFi Development has stated its intention to refile the offering in the future once the regulatory requirements are met.
