IPO - Janover Inc.

Form Type: S-1

Filing Date: 2025-06-11

Corporate Action: Ipo

Type: New

Accession Number: 000121390025053529

Filing Summary: DeFi Development Corp. filed this registration statement on June 11, 2025, to register up to 12,375,896 shares of Common Stock for resale by Selling Stockholders. The filing reflects a 7-for-1 forward split of Common Stock effective May 20, 2025, under which each holder received six additional shares for every one share held. The Company also initiated a change in its treasury strategy to allocate reserves to digital assets, specifically Solana (SOL). Notably, on April 4, 2025, a significant change in control occurred when the CEO sold a substantial amount of Common Stock, leading to new board appointments and a directive towards a new treasury policy. These developments support the Company's growth focused on combining commercial real estate operations with digital asset strategies. The registration does not signify that shares will definitely be sold, as the Selling Stockholders retain the discretion to offer their shares. The Company is identified as both an 'emerging growth company' and a 'smaller reporting company' and will follow reduced public reporting requirements.