Janover Inc.: AI-Enabled Commercial Real Estate Transactions Platform

Defi Development Corp is a finance company that will use its proceeds for spot and locked SOL. Janover Inc. operates an AI-enabled platform for commercial real estate transactions, connecting borrowers and lenders with a human touch. The platform provides technology to connect commercial mortgage borrowers with lenders, including small banks, REITs, and debt funds. Borrowers include owners, operators, and developers of commercial real estate, including multifamily properties and small business owners.

Boca Raton, FL, Aug. 25, 2025 (GLOBE NEWSWIRE) — DeFi Development Corp. (Nasdaq: DFDV), a pioneering U.S. public company with a treasury strategy focused on accumulating and compounding Solana (SOL), has announced a $125 million equity offering. The transaction, priced at $12.50 per share, is expected to close on August 28, 2025, subject to customary closing conditions [1].

The offering involves the sale of approximately 4.2 million shares of common stock at a purchase price of $12.50 per share, along with pre-funded warrants to purchase an aggregate of approximately 5.7 million shares at a purchase price of $12.4999 per share with an exercise price of $0.0001 per share [1]. The proceeds will be used to acquire both spot SOL and discounted locked SOL, reinforcing the company's strategy of maximizing Solana per Share (SPS) growth.

The controlling stockholders of the company have approved the issuance of the shares underlying the pre-funded warrants, sufficient to authorize this action under Nasdaq listing rules. Joseph Onorati, Chief Executive Officer of DeFi Development Corp., stated, "This raise allows us to add a significant amount of SOL to our balance sheet while still driving NAV/share accretion. Our goal is to acquire as much SOL as possible, as quickly as possible, in a way that compounds value per share for our investors" [1].

This offering follows DFDV’s earlier financings in 2025, including convertible debt, PIPE equity, and an ELOC facility, and brings total capital raised year-to-date to over $370 million. Advisors Cantor Fitzgerald & Co. served as exclusive financial advisor and sole placement agent, while Perkins Coie LLP and DLA Piper LLP (US) acted as counsel to the company and Cantor Fitzgerald, respectively [1].

DeFi Development Corp. operates an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals. The company currently serves over one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders [1].

References:
[1] https://finance.yahoo.com/news/defi-development-corp-announces-125-123000305.html