DeFi Development temporarily withdraws $1 billion securities issuance plan due to 10-K form issues

According to SEC documents, DeFi Development (formerly known as Janover), a publicly traded company, withdrew its $1 billion shelving offering after failing to include a management report on internal controls on its Form 10-K. Part of the funds were originally planned to be used to purchase Solana. The company plans to resubmit its issuance application in the future.