DeFi Development Corp. Withdraws $1 Billion SEC Filing, Eyes More Solana Buys

DeFi Development withdraws Form S-3 registration after rejection due to a missing report. Company plans to refile a resale registration statement to continue the $1B SOL purchase goal. Firm currently holds 609,190 SOL worth over $97 million after 11 separate purchases. DeFi Development Corp. has withdrawn its Form S-3 registration statement from the Securities and Exchange Commission because of regulatory rejection. This resulted in a short-term suspension of the company’s plan to raise $1 billion in an effort to acquire more Solana tokens. The SEC decided that the Nasdaq-listed company was not qualified to file the Form S-3 for the omission of a mandated report of management’s internal control over financial reporting before the designated time. The company requested withdrawal on June 11, 2025, and asserted that the action is in line with “public interest and the protection of investors” under Securities Act rules. Chief Financial Officer Fei Han executed the withdrawal documents, including the original registration statement filed on April 25. DeFi Development Corp. To File a New Resale Statement Despite regulatory denial, DeFi Development Corp. conf… The post DeFi Development Corp. Withdraws $1 Billion SEC Filing, Eyes More Solana Buys appeared first on Coin Edition .

Source: Coin Edition