DeFi Development Halts $1 Billion Offering After SEC Filing Delays

DeFi Development, formerly known as Janover, has suspended its $1 billion initial public offering (IPO) following issues with its Securities and Exchange Commission (SEC) filing. The company failed to include a management report on internal controls in its 10-K form, leading to the postponement of the offering. A portion of the funds was initially earmarked for Solana acquisitions. DeFi Development intends to resubmit the offering application at a later time.