{"success":true,"data":{"pressRelease":{"id":"161745","rtpr_id":"nGNX5YCk6X-20261006","ticker":"DFDV","exchange":"NASDAQ","all_tickers":["DFDV"],"title":"DeFi Development Corp. Authorizes CHAD Repurchase Program for Future Use","author":"Globe Newswire","published_at":"2026-10-06T12:00:03.480Z","article_body":"Company authorized to repurchase up to all CHAD shares outstanding from time\nto time\n\nCHAD brings Digital Credit 2.0 to income investors: a 13% annual dividend rate\nsupported by a productive SOL treasury\n\nBOCA RATON, FL, Oct. 06, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp.\n(Nasdaq: DFDV) (the \"Company\" or \"DeFi Dev Corp.\"), the first U.S. public\ncompany with a treasury strategy built to accumulate and compound Solana\n(\"SOL\"), today announced that its Board of Directors has authorized a\nrepurchase program for its Variable Rate Series C Perpetual Preferred Stock\n(“CHAD”).\n\nUnder the program, the Company is authorized to repurchase up to all CHAD\nshares outstanding from time to time, including shares issued in the future.\nThe authorization is not limited to the amount of CHAD currently outstanding\nand is not exhausted by prior repurchases, providing the Company with ongoing\nflexibility as CHAD grows.\n\nThe Company does not currently intend to repurchase CHAD. Its near-term\nobjective remains for CHAD to establish itself at or around its $10.00 par\nvalue, and the Company does not intend to initiate repurchases before CHAD\nfirst reaches par. Thereafter, if CHAD trades below par, the Company may use\nthe repurchase program opportunistically when it believes doing so represents\nan attractive use of capital.\n\n“Our first objective is simple: get CHAD to par,” said Joseph Onorati,\nChief Executive Officer of DeFi Development Corp. “We are not announcing\nthat we intend to buy CHAD today. We are putting the infrastructure in place\nso that, once CHAD has established itself at par, we have another tool\navailable if it subsequently trades below par.”\n\n“We think about CHAD as a long-term funding platform, not a one-time\nissuance. This authorization reflects that. It covers every share outstanding\ntoday and automatically extends to CHAD we may issue in the future. As CHAD\nscales, we want the flexibility to both issue CHAD when the market values it\nappropriately and repurchase it when we believe the market is offering it back\nto us at an attractive discount.”\n\nThe Board authorization permits repurchases from time to time through\nopen-market purchases or privately negotiated transactions, subject to\napplicable securities laws and other restrictions. The timing, price and\namount of any repurchases will be determined at the Company’s discretion.\nThe repurchase program has no fixed expiration date and does not obligate the\nCompany to repurchase any particular number of shares.\n\nLearn more about CHAD at www.defidevcorp.com/chad.\n\nFor more information, visit defidevcorp.com\n(https://www.globenewswire.com/Tracker?data=hx4382UYsBbS315PYm8vU5wvpdynjl3DDqM9fsQyOZv9oyJeRIPh8duen2SFsk8Redf94sQ5e1kxXitejJ4fWzOpT_exBKMoQ9FyQj8iVqk=).\nTo stay up to date with the latest developments and insights, subscribe to our\nblog\n(https://www.globenewswire.com/Tracker?data=r1BZdDiPSrcQU77sTajzdlYZTQKrmYxCv_TvjvZoaYGzSCXYDOPRYX-0N6LySa1n15Ao4aSuw759MMiy16Pz6Q==).\n\nAbout DeFi Development Corp.\n\nDeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under\nwhich the principal holding in its treasury reserve is allocated to SOL.\nThrough this strategy, the Company provides investors with direct economic\nexposure to SOL, while also actively participating in the growth of the Solana\necosystem. In addition to holding and staking SOL, DeFi Development Corp.\noperates its own validator infrastructure, generating staking rewards and fees\nfrom delegated stake. The Company is also engaged across decentralized finance\n(DeFi) opportunities and continues to explore innovative ways to support and\nbenefit from Solana’s expanding application layer.\n\nThe Company is also an AI-powered online platform that connects the commercial\nreal estate industry by providing value-add services and software\nsubscriptions to multifamily and commercial property professionals, as the\nCompany connects the increasingly complex ecosystem that stakeholders have to\nmanage. The Company’s data and software offerings are generally offered on a\nsubscription basis as software as a service.\n\nForward Looking Statements and Metrics\n\nThis press release contains \"forward-looking statements\" within the meaning of\nthe safe harbor provisions of the U.S. Private Securities Litigation Reform\nAct of 1995. Forward-looking statements in this press release include, but are\nnot limited to, statements regarding expected September 30, 2026 metrics and\ngrowth in SPS, NAV per share, SOL holdings and cash balances; anticipated\nchanges in borrowings and liquidity; future SOL accumulation and per-share\naccretion; capital raising and deployment, the anticipated issuance price of\nshares under the ATM program, the intended use of proceeds, and the\nCompany’s ability to expand its SOL treasury and increase revenue, and can\nbe identified by words such as \"anticipate,\" \"intend,\" \"plan,\" \"believe,\"\n\"project,\" \"estimate,\" \"expect,\" \"strategy,\" \"future,\" \"likely,\" \"may,\"\n\"should,\" \"will\" and similar references to future periods. Forward-looking\nstatements are neither historical facts nor assurances of future performance.\nInstead, they are based only on the Company's current beliefs, expectations,\nand assumptions regarding the future of its business, future plans and\nstrategies, projections, anticipated events and trends, the economy, and other\nfuture conditions. Because forward-looking statements relate to the future,\nthey are subject to inherent uncertainties, risks, and changes in\ncircumstances that are difficult to predict, many of which are outside of the\nCompany's control. The Company's actual results and financial condition may\ndiffer materially from those indicated in the forward-looking statements.\nTherefore, you should not rely on any of these forward-looking statements.\n\nImportant factors that could cause our actual results and financial condition\nto differ materially from those indicated in the forward-looking statements\ninclude, among others, the following: (i) fluctuations in the market price of\nSOL and any associated losses that the Company may incur as a result of a\ndecrease in the market price of SOL; (ii) a failure for the demand for SOL, or\nactivity on the SOL network, to continue to develop and grow as predicted in\nour DFDV Model or at all; (iii) volatility in our stock price, including due\nto future issuances of common stock and securities convertible into common\nstock; (iv) the effect of and uncertainties related to the ongoing volatility\nin interest rates; (v) our ability to achieve and maintain profitability in\nthe future; (vi) the impact on our business of the regulatory environment and\ncomplexities of complying with such environment, including changes in\nsecurities laws or other laws or regulations; (vii) changes in the accounting\ntreatment relating to the Company's SOL holdings; (viii) our ability to\nrespond to general economic conditions; (ix) our ability to manage our growth\neffectively and our expectations regarding the development and expansion of\nour business; (x) our ability to access sources of capital, including debt\nfinancing and other sources of capital to finance operations and growth; and\n(xi) other risks and uncertainties more fully described in the section\ncaptioned \"Risk Factors\" in the Company's most recent Annual Report on Form\n10-K and other reports we file with the SEC.\n\nAs a result of these matters, changes in facts, assumptions not being\nrealized, or other circumstances, the Company's actual results may differ\nmaterially from the expected results discussed in the forward-looking\nstatements contained in this press release. Forward-looking statements\ncontained in this announcement are made as of this date, and the Company\nundertakes no duty to update such information except as required under\napplicable law.\n\nSPS and NAV per share are supplemental analytical measures used by management\nto assess the Company’s treasury strategy and economic exposure attributable\nto common shareholders. For purposes of this release, NAV reflects the value\nof SOL and SOL equivalents, plus cash and cash equivalents, less\nSOL-denominated liabilities, outstanding principal of out-of-the-money\nconvertible debt, other debt, and the aggregate notional amount of preferred\nequity. NAV per share reflects that amount divided by adjusted common shares\noutstanding, which includes ordinary shares outstanding, shares underlying\nrestricted stock units and vested options, and applicable dilution from\nassumed exercise of in-the-money warrants and conversion of in-the-money\nconvertible securities. Related adjustments to NAV reflect assumed warrant\nexercise proceeds and the removal of debt assumed converted, as applicable, to\navoid double counting. SPS expresses the corresponding net SOL exposure per\nadjusted common share, with the SPS growth comparison applying the updated,\nliability-adjusted methodology and a SOL reference price to both measurement\ndates. These measures depend on valuation and capital structure assumptions\nand do not represent GAAP book value per share, liquidation proceeds, or\nshareholder investment returns. Preliminary estimates remain subject to\ncompletion of the Company’s financial close and verification of underlying\nbalances and share counts, and final results may differ materially.\n\nInvestor Contact:\nir@defidevcorp.com\n\nMedia Contact:\npress@defidevcorp.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/966832fd-a2a8-4663-82a6-11708b322b1c)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX5YCk6X-20261006","title":"DeFi Development Corp. Authorizes CHAD Repurchase Program for Future Use","author":"Globe Newswire","ticker":"DFDV","created":"2026-10-06T12:00:03.480Z","tickers":["DFDV"],"exchange":"NASDAQ","article_body":"Company authorized to repurchase up to all CHAD shares outstanding from time\nto time\n\nCHAD brings Digital Credit 2.0 to income investors: a 13% annual dividend rate\nsupported by a productive SOL treasury\n\nBOCA RATON, FL, Oct. 06, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp.\n(Nasdaq: DFDV) (the \"Company\" or \"DeFi Dev Corp.\"), the first U.S. public\ncompany with a treasury strategy built to accumulate and compound Solana\n(\"SOL\"), today announced that its Board of Directors has authorized a\nrepurchase program for its Variable Rate Series C Perpetual Preferred Stock\n(“CHAD”).\n\nUnder the program, the Company is authorized to repurchase up to all CHAD\nshares outstanding from time to time, including shares issued in the future.\nThe authorization is not limited to the amount of CHAD currently outstanding\nand is not exhausted by prior repurchases, providing the Company with ongoing\nflexibility as CHAD grows.\n\nThe Company does not currently intend to repurchase CHAD. Its near-term\nobjective remains for CHAD to establish itself at or around its $10.00 par\nvalue, and the Company does not intend to initiate repurchases before CHAD\nfirst reaches par. Thereafter, if CHAD trades below par, the Company may use\nthe repurchase program opportunistically when it believes doing so represents\nan attractive use of capital.\n\n“Our first objective is simple: get CHAD to par,” said Joseph Onorati,\nChief Executive Officer of DeFi Development Corp. “We are not announcing\nthat we intend to buy CHAD today. We are putting the infrastructure in place\nso that, once CHAD has established itself at par, we have another tool\navailable if it subsequently trades below par.”\n\n“We think about CHAD as a long-term funding platform, not a one-time\nissuance. This authorization reflects that. It covers every share outstanding\ntoday and automatically extends to CHAD we may issue in the future. As CHAD\nscales, we want the flexibility to both issue CHAD when the market values it\nappropriately and repurchase it when we believe the market is offering it back\nto us at an attractive discount.”\n\nThe Board authorization permits repurchases from time to time through\nopen-market purchases or privately negotiated transactions, subject to\napplicable securities laws and other restrictions. The timing, price and\namount of any repurchases will be determined at the Company’s discretion.\nThe repurchase program has no fixed expiration date and does not obligate the\nCompany to repurchase any particular number of shares.\n\nLearn more about CHAD at www.defidevcorp.com/chad.\n\nFor more information, visit defidevcorp.com\n(https://www.globenewswire.com/Tracker?data=hx4382UYsBbS315PYm8vU5wvpdynjl3DDqM9fsQyOZv9oyJeRIPh8duen2SFsk8Redf94sQ5e1kxXitejJ4fWzOpT_exBKMoQ9FyQj8iVqk=).\nTo stay up to date with the latest developments and insights, subscribe to our\nblog\n(https://www.globenewswire.com/Tracker?data=r1BZdDiPSrcQU77sTajzdlYZTQKrmYxCv_TvjvZoaYGzSCXYDOPRYX-0N6LySa1n15Ao4aSuw759MMiy16Pz6Q==).\n\nAbout DeFi Development Corp.\n\nDeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under\nwhich the principal holding in its treasury reserve is allocated to SOL.\nThrough this strategy, the Company provides investors with direct economic\nexposure to SOL, while also actively participating in the growth of the Solana\necosystem. In addition to holding and staking SOL, DeFi Development Corp.\noperates its own validator infrastructure, generating staking rewards and fees\nfrom delegated stake. The Company is also engaged across decentralized finance\n(DeFi) opportunities and continues to explore innovative ways to support and\nbenefit from Solana’s expanding application layer.\n\nThe Company is also an AI-powered online platform that connects the commercial\nreal estate industry by providing value-add services and software\nsubscriptions to multifamily and commercial property professionals, as the\nCompany connects the increasingly complex ecosystem that stakeholders have to\nmanage. The Company’s data and software offerings are generally offered on a\nsubscription basis as software as a service.\n\nForward Looking Statements and Metrics\n\nThis press release contains \"forward-looking statements\" within the meaning of\nthe safe harbor provisions of the U.S. Private Securities Litigation Reform\nAct of 1995. Forward-looking statements in this press release include, but are\nnot limited to, statements regarding expected September 30, 2026 metrics and\ngrowth in SPS, NAV per share, SOL holdings and cash balances; anticipated\nchanges in borrowings and liquidity; future SOL accumulation and per-share\naccretion; capital raising and deployment, the anticipated issuance price of\nshares under the ATM program, the intended use of proceeds, and the\nCompany’s ability to expand its SOL treasury and increase revenue, and can\nbe identified by words such as \"anticipate,\" \"intend,\" \"plan,\" \"believe,\"\n\"project,\" \"estimate,\" \"expect,\" \"strategy,\" \"future,\" \"likely,\" \"may,\"\n\"should,\" \"will\" and similar references to future periods. Forward-looking\nstatements are neither historical facts nor assurances of future performance.\nInstead, they are based only on the Company's current beliefs, expectations,\nand assumptions regarding the future of its business, future plans and\nstrategies, projections, anticipated events and trends, the economy, and other\nfuture conditions. Because forward-looking statements relate to the future,\nthey are subject to inherent uncertainties, risks, and changes in\ncircumstances that are difficult to predict, many of which are outside of the\nCompany's control. The Company's actual results and financial condition may\ndiffer materially from those indicated in the forward-looking statements.\nTherefore, you should not rely on any of these forward-looking statements.\n\nImportant factors that could cause our actual results and financial condition\nto differ materially from those indicated in the forward-looking statements\ninclude, among others, the following: (i) fluctuations in the market price of\nSOL and any associated losses that the Company may incur as a result of a\ndecrease in the market price of SOL; (ii) a failure for the demand for SOL, or\nactivity on the SOL network, to continue to develop and grow as predicted in\nour DFDV Model or at all; (iii) volatility in our stock price, including due\nto future issuances of common stock and securities convertible into common\nstock; (iv) the effect of and uncertainties related to the ongoing volatility\nin interest rates; (v) our ability to achieve and maintain profitability in\nthe future; (vi) the impact on our business of the regulatory environment and\ncomplexities of complying with such environment, including changes in\nsecurities laws or other laws or regulations; (vii) changes in the accounting\ntreatment relating to the Company's SOL holdings; (viii) our ability to\nrespond to general economic conditions; (ix) our ability to manage our growth\neffectively and our expectations regarding the development and expansion of\nour business; (x) our ability to access sources of capital, including debt\nfinancing and other sources of capital to finance operations and growth; and\n(xi) other risks and uncertainties more fully described in the section\ncaptioned \"Risk Factors\" in the Company's most recent Annual Report on Form\n10-K and other reports we file with the SEC.\n\nAs a result of these matters, changes in facts, assumptions not being\nrealized, or other circumstances, the Company's actual results may differ\nmaterially from the expected results discussed in the forward-looking\nstatements contained in this press release. Forward-looking statements\ncontained in this announcement are made as of this date, and the Company\nundertakes no duty to update such information except as required under\napplicable law.\n\nSPS and NAV per share are supplemental analytical measures used by management\nto assess the Company’s treasury strategy and economic exposure attributable\nto common shareholders. For purposes of this release, NAV reflects the value\nof SOL and SOL equivalents, plus cash and cash equivalents, less\nSOL-denominated liabilities, outstanding principal of out-of-the-money\nconvertible debt, other debt, and the aggregate notional amount of preferred\nequity. NAV per share reflects that amount divided by adjusted common shares\noutstanding, which includes ordinary shares outstanding, shares underlying\nrestricted stock units and vested options, and applicable dilution from\nassumed exercise of in-the-money warrants and conversion of in-the-money\nconvertible securities. Related adjustments to NAV reflect assumed warrant\nexercise proceeds and the removal of debt assumed converted, as applicable, to\navoid double counting. SPS expresses the corresponding net SOL exposure per\nadjusted common share, with the SPS growth comparison applying the updated,\nliability-adjusted methodology and a SOL reference price to both measurement\ndates. These measures depend on valuation and capital structure assumptions\nand do not represent GAAP book value per share, liquidation proceeds, or\nshareholder investment returns. Preliminary estimates remain subject to\ncompletion of the Company’s financial close and verification of underlying\nbalances and share counts, and final results may differ materially.\n\nInvestor Contact:\nir@defidevcorp.com\n\nMedia Contact:\npress@defidevcorp.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/966832fd-a2a8-4663-82a6-11708b322b1c)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-06T12:00:03.891650636Z","server_sent_at_ms":1791288003891},"received_at":"2026-10-06T12:00:03.941Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}