DeFi Development approves 1 - 7 stock splits to advance SOL strategy "
Online reports, according to The Block, DeFi Development Corp., which has been transformed into a Solana-focused company. (NASDAQ: DFDV) The board of directors approved a 1 split and 7 share split, increasing the outstanding shares from approximately 2 million shares to 14 million shares. The shares will be distributed on May 19 on a pro rata basis. Trading is expected to begin at the new share price on May 20. The initiative aims to increase liquidity and expand the investor base. The company has recently purchased 82,404 SOLs, with a total position of 400,000.
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