Odaily Planet Daily News DeFi Development Corp.'s board of directors has approved a 7-for-1 stock split for its issued common stock. The split will increase the company's outstanding shares from approximately 2 million shares to 14 million shares, but the authorized share capital remains unchanged. The company said: "The stock split is designed to increase liquidity and make the stock more accessible to a wider group of investors. The company will continue to implement a corporate treasury strategy centered on accumulating SOL and infrastructure ownership." Each shareholder will receive an additional six shares on May 19, and if Nasdaq approves, trading will resume on May 20 after the stock split adjustment. (The Block)