📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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1️⃣ Research the MBG project
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
DeFi Development disclosed details of 112.5 million financing, with some funds used to purchase SOL.
According to ChainCatcher news and reported by The Block, the Solana reserve strategy company DeFi Development Corp (DDC), formerly known as Janover, has disclosed details of its $112.5 million private sale financing for the purchase of SOL tokens, which includes a financial arrangement to provide investors with hedging risk options. The company will use approximately $75.6 million to fund a "prepaid forward" stock purchase transaction, with the remaining funds used for "general corporate purposes, including acquisition of SOL." According to Wednesday's announcement, the company has secured a total of $112.5 million in convertible note principal — valued at approximately $132.2 million if the initial purchasers exercise all options — expected to be completed by July 7. The note has an annual interest rate of 5.5%, paid semi-annually, and will mature in 2030. The note will also have a 10% conversion premium based on a closing price of $21.01 on July 1, 2025.