DeFi Development (DFDV, Financial) has received a nod from its board to execute a 7-for-1 stock split of its common shares. This move ensures that shareholders on record by the close of business on May 19 will gain six additional shares for every share they own. Implementing this stock split necessitates an amendment to the company's Certificate of Incorporation, due to be filed with Delaware's Secretary of State on May 19.
Pending approval from the Nasdaq Capital Market, trading on an adjusted post-split basis is anticipated to commence on May 20. As a result of the split, DeFi Development's outstanding shares will surge from 2,011,887 to roughly 14,083,209, while the company's authorized share capital will remain static.
