DeFi Development Corp. Authorizes CHAD Repurchase Program for Future Use
Globe Newswire•06/10/2026•08:00 ET
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Key Highlights
- ➤CHAD repurchase authorization covers all shares outstanding, including future issuance
- ➤Company does not currently intend to repurchase CHAD shares
- ➤Repurchases may begin only after CHAD reaches its $10.00 par value
- ➤Future purchases below par may use open-market or private transactions
- ➤Program has no fixed expiration date and imposes no purchase obligation
Expert Statements
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“Our first objective is simple: get CHAD to par”
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“We are not announcing that we intend to buy CHAD today. We are putting the infrastructure in place so that, once CHAD has established itself at par, we have another tool available if it subsequently trades below par.”
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“We think about CHAD as a long-term funding platform, not a one-time issuance. This authorization reflects that. It covers every share outstanding today and automatically extends to CHAD we may issue in the future. As CHAD scales, we want the flexibility to both issue CHAD when the market values it appropriately and repurchase it when we believe the market is offering it back to us at an attractive discount.”
Company authorized to repurchase up to all CHAD shares outstanding from time to time
CHAD brings Digital Credit 2.0 to income investors: a 13% annual dividend rate supported by a productive SOL treasury
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