DeFi Development Gains Equity Stake And 8% SOL Note In Strategic ZeroStack Partnership

DeFi Development Corp. (NASDAQ:DFDV) (the "Company") the first public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced a strategic collaboration with ZeroStack, a next-generation Digital Asset Treasury (DAT) focused on accumulating the 0G cryptoasset. 0G is the native token behind the 0G Network, a decentralized AI Layer-1 blockchain that orchestrates hardware resources and software assets to handle AI workloads at scale.

As part of the relationship, the Company participated in a private placement transaction by Flora Growth Corp. (NASDAQ:FLGC), which expects to rebrand as ZeroStack, through an in-kind contribution of SOL in exchange for a convertible note, and also entered into an agreement to provide ZeroStack with services such as asset management, accounting/finance support, and technology services. In addition, the Company received an equity stake in ZeroStack. This relationship with ZeroStack underscores DeFi Development Corp.'s approach of combining strategic collaborations with active participation in the growth of emerging digital asset treasuries.

Through this collaboration, ZeroStack and the 0G network will be building a bridge to the Solana ecosystem to support development of decentralized AI applications across both chains. Additionally, ZeroStack will hold the SOL invested by DFDV on their balance sheet. The convertible note issued to the Company by ZeroStack is denominated in SOL and provides for interest payments to the Company at an 8.0% annual rate, payable on a quarterly basis in SOL.