DeFi Development (DFDV) announced that its board of directors has approved a 7-for-1 forward stock split of the company’s issued and outstanding common shares. The stock split will result in each shareholder of record as of the close of business on May 19 receiving six additional shares for every one share held. The implementation of the stock split is subject to the filing of an amendment to the company’s amended and restated Certificate of Incorporation with the Secretary of State of the State of Delaware, which the company expects to file on May 19. Subject to final approval by the Nasdaq Capital Market, trading is expected to begin on a post-stock split adjusted basis at market open on May 20. Following the split, the company’s outstanding shares will increase from 2,011,887 to approximately 14,083,209. The company’s authorized share capital will remain unchanged.