BlockBeats News, May 8th, according to official sources, the US-listed company DeFi Development Corp. announced that its board of directors has approved a stock split of the company's issued and outstanding common stock.
The stock split will result in each shareholder as of the close of trading on May 19, 2025, receiving six additional shares for every one share held. As the company's stock is traded on the Nasdaq, stock trading platforms need to provide final approval. If approved, the stock will begin trading on May 20th on a post-split adjusted basis.
Post-split, the company's outstanding shares will increase from 2,011,887 shares to approximately 14,083,209 shares. The company's authorized share capital will remain unchanged.
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