"SOL version of MicroStrategy" DDC announces financing details of 112.5 million.

robot
Abstract generation in progress

According to BlockBeats, on July 2, Solana's reserve strategy company DeFi Development Corp (DDC), formerly known as Janover, disclosed the details of its $112.5 million private sale financing business for purchasing SOL tokens, which includes a financial arrangement providing investors with a hedging risk method. The company will use approximately $75.6 million to fund "prepaid forward" stock purchase transactions, with the remaining funds used for "general corporate purposes, including acquisition of SOL." According to a Wednesday announcement, the company has secured a total of $112.5 million in convertible note principal—worth approximately $132.2 million if the initial purchasers exercise all options—expected to be completed by July 7. The notes have an annual interest rate of 5.5%, paid semi-annually, and will mature in 2030. The notes will also be based on a closing price of $21.01 on July 1, 2025, with a 10% conversion premium.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)