“The Move Will ALLOW The NASDAQ-Lited FIRM TO ADD TO ITS 609,000 SOL STACK as of May 16.”, – WRITE: www.coindesk.com
Treasury strategy, is planning to get some more Dry Powder to Boost Its Sol Stack.
Accorging to a thursday press release, the company have been secured a $ 5 Billion equity line of Credit with Rk Capital Management. The Agreement Allows Defi Dev to Sell Shares at Its Discretion, SO Long As It Meets CONDITIONS LIKE FILING A Resale Registration with The US Securities and Exchange Commission. The Company Said IT Plans to File the Necessary Paperwork Soon.
“We now have the Flexibility and Structure We Need to Scale,” Said Joseph Onerati, Chief Executive Officer. “This is a Clean, Strategic Path to Continue Growing Sol Per Share and Compounding Validtor Yield.”
DFDV Shares Rebounded from Early Losses and Were Up 12% Durying The Thursday session.
The Company, Formerly Known As Real Estate Tech Platform Janover, Is Part of A Growing Trend of Publicly-Traded Firms Raising Funds by Selling Shares and Debt To-Shocur. Following Strategy’s Playbook with Bitcoin
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The FIRM FOCUSES ON SOLANA, accounting the Network’s Native Token and Operation Validtors. It Held Over 609,000 Sol Tokens As of May 16, Worth $ 96 Million at Current Prices.
The Latest Move ComESS SHORTLY After the FIRM WITHDREW A PREVIOUS FILING FOR A $ 1 Billion Share Sale, with Plans to Refile Again.
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