TechDeFi Development opens CHAD preferred-share offering with 13% initial annual dividend rate
CryptoSlate reports the program covers up to 30 million preferred shares, representing $300 million at the $10 stated amount.
TLDR
CryptoSlate reports that DeFi Development has opened an at-the-market share-sale program for up to 30 million CHAD preferred shares, representing $300 million at the $10 stated amount. CHAD starts with a 13% annual dividend rate. If all 30 million shares were issued and the rate stayed unchanged, annual dividends would total $39 million.
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DeFi Development opens CHAD preferred-share offering with 13% initial annual dividend rate
CryptoSlate reports the program covers up to 30 million preferred shares, representing $300 million at the $10 stated amount.
TLDR
CryptoSlate reports that DeFi Development has opened an at-the-market share-sale program for up to 30 million CHAD preferred shares, representing $300 million at the $10 stated amount. CHAD starts with a 13% annual dividend rate. If all 30 million shares were issued and the rate stayed unchanged, annual dividends would total $39 million.