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DeFi Development Corp.: Other Events (DFDV)

PayoutRead the original at SEC EDGAR
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DeFi Development Corp. raised the yearly rate on its CHAD preferred shares, increasing cash it must pay. CHAD holders receive more, but the filing says the company has no accumulated earnings and profits for tax purposes and expects none soon.

DFDV · DeFi Development Corp.

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The higher rate means DeFi Development Corp. owes preferred shareholders more cash. The filing also says it has no accumulated earnings and profits for tax purposes and expects none this year or in the foreseeable future. The extra payment helps CHAD shareholders, but adds a cost for the company.

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