According to CoinMeta, DeFi Development Corp announced the pricing of its variable-rate C-series perpetual preferred stocks at $9 per share, with an expected total revenue of $19.8 million. The company plans to sell 2.2 million preferred securities known as CHAD shares. The initial annual dividend rate for this issuance is 13%, and if it remains unchanged, the annual dividend per share will be $1.30. DeFi Development also plans to list these preferred stocks on NASDAQ, with trading expected to begin after the initial issuance.