Listed company DeFi Development Corp to receive $24 million in private equity financing to buy more SOL

Nasdaq-listed DeFi Development Corp (formerly real estate software company Janover) announced that it will receive a $24 million PIPE investment (private equity financing), which will be used to increase its holdings of Solana (SOL) and day-to-day operations. This round of investors includes Galaxy Digital, Amber International Holding Limited, Arrington Capital, Republic Digital, Borderless Capital, RK Capital and Great Point Capital. The company sold 310,000 shares of common stock and 215,000 shares of pre-financing warrants at $46 per share. As of May 1, the company held 317,273 SOLs (valued at approximately $46.20 million) and received proceeds through a pledge in partnership with Kraken.