DeFi Development Corp. (Nasdaq: DFDV), a former real estate software company now repositioned as a Solana-focused treasury play, announced Wednesday that its board of directors has approved a 7-for-1 stock split of its issued and outstanding common shares.
The stock split will increase the number of outstanding shares from approximately 2 million to 14 million, significantly boosting share liquidity. Importantly, 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. Subject to final approval from Nasdaq, the company anticipates trading will resume on a post-split adjusted basis starting May 20.
This move comes as DFDV deepens its pivot toward blockchain and crypto treasury strategies, particularly aligned with Solana (SOL), which has gained 3.12% on the day. The stock split may make shares more accessible to retail investors and support greater visibility in the evolving Web3 ecosystem.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/defi-development-corp-approves-7-for-1-stock-split-ahead-of-strategic-pivot-toward-solana/