DeFi Development Corp. priced its initial public offering of Variable Rate Series C Perpetual Preferred Stock, branded as CHAD Stock, at $8.00 per share. The offering includes 1,375,000 shares, with underwriters holding a 30-day option to purchase up to an additional 206,250 shares. The company expects gross proceeds of about $11 million before discounts, commissions, and expenses. The transaction is expected to settle on September 8, with net proceeds earmarked for general corporate purposes, including purchases of Solana and other digital assets, strategic transactions, and growth initiatives.