DeFi Development Corp. has announced a 7-for-1 stock split, leading to a significant increase in the number of shares and expected liquidity growth.
Details of the Split
The stock split will increase the number of outstanding shares from approximately 2 million to 14 million, while the company’s authorized share capital will remain unchanged.
Under the terms of the split, shareholders of record by May 19 will receive six additional shares for every one they currently own.
Reasons Behind the Split
This move comes as the company pivots deeper into blockchain and crypto treasury strategies. This change is expected to make shares more accessible to retail investors and enhance visibility in the evolving Web3 ecosystem.
Impact on the Investment Climate
Trading on a post-split adjusted basis is expected to resume on May 20, pending final approval from Nasdaq. This could increase demand for the company's shares amid the recent rise of Solana, which has gained 3.12% on the day.
The stock split by DeFi Development Corp. aims to improve share liquidity and accessibility for investors, representing a crucial step in a challenging market climate.
