DDC announces details of 112.5 million yuan financing for 'SOL version micro strategy'

BlockBeats News: On July 2nd, Solana Reserve Strategy Company DeFi Development Corp (DDC) (formerly known as Janover) disclosed details of its $112.5 million private financing business for purchasing SOL tokens, including a financial arrangement to provide investors with a way to hedge risks. The company will use approximately $75.6 million to fund "prepaid forward" stock purchase transactions, with the remaining funds used for "general corporate purposes, including the acquisition of SOL". According to Wednesday's announcement, the company has received a total of $112.5 million in convertible note principal - valued at approximately $132.2 million if the initial buyers exercise all options - expected to be completed on July 7th. The annual interest rate of this bill is 5.5%, payable every six months, and will mature in 2030. The note will also be based on a closing price of $21.01 on July 1, 2025, with a conversion premium of 10%.