Odaily News DeFi Development Corp.'s board of directors has approved a 7-for-1 stock split of its outstanding common stock. The split increases the company's outstanding shares from approximately 2 million to 14 million, but the authorized 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, and the company will continue to execute its 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 based on the stock split adjustment. (The Block)