According to BlockBeats, DeFi Development Corp., a publicly traded company on the U.S. stock market, has announced that its board of directors has approved a stock split for its issued and outstanding common shares.
The stock split will result in each shareholder receiving six additional shares for every share held as of the close of trading on May 19, 2025. As the company's shares are traded on the Nasdaq, the stock trading platform must grant final approval. If approved, the shares will begin trading on a split-adjusted basis starting May 20, 2025.
Following the split, the company's outstanding shares will increase from 2,011,887 to approximately 14,083,209 shares, while the authorized share capital will remain unchanged.