Spin-off - Janover Inc.

Form Type: 8-K

Filing Date: 2025-05-21

Corporate Action: Spin-off

Type: New

Accession Number: 000121390025046227

Filing Summary: On May 6, 2025, the board of DeFi Development Corp. approved a Charter Amendment for a seven-for-one forward stock split of its common stock. The amendment became effective on May 20, 2025, with a record date of May 19, 2025. Each share of common stock outstanding was automatically split into seven shares, with additional shares distributed on May 20, 2025. Trading on a post-stock split basis commenced on May 21, 2025. The stock split proportionately increased shares reserved under the company's equity incentive plans and adjusted the exercise prices of outstanding options.