# EDGAR Filing Document

**Accession Number:** 0002060008
**File Stem:** 0001213900-25-115001
**Filing Date:** 2025-11
**Character Count:** 18419
**Document Hash:** 93aabcb8ea613a41ed0e9bf6b2a9f878
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-115001.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001213900-25-115001

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DeFi Development Corp.
- **CENTRAL INDEX KEY:** 0001805526
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 832676794
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94526
- **FILM NUMBER:** 251523579

**BUSINESS ADDRESS:**
- **STREET 1:** 6401 CONGRESS AVE
- **STREET 2:** STE 250
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33487
- **BUSINESS PHONE:** 5615594111

**MAIL ADDRESS:**
- **STREET 1:** 6401 CONGRESS AVE
- **STREET 2:** STE 250
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33487

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Janover Inc.
- **DATE OF NAME CHANGE:** 20210329

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Janover Ventures LLC
- **DATE OF NAME CHANGE:** 20200304
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEFI DEV LLC
- **CENTRAL INDEX KEY:** 0002060008

**ORGANIZATION NAME:**
- **EIN:** 333753393
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1530 P B LN W5205
- **CITY:** WICHITA FALLS
- **STATE:** TX
- **ZIP:** 76302
- **BUSINESS PHONE:** 304-884-5301

**MAIL ADDRESS:**
- **STREET 1:** 1530 P B LN W5205
- **CITY:** WICHITA FALLS
- **STATE:** TX
- **ZIP:** 76302

## Exhibit 99.2

**Exhibit 2**

**<u>Joint Filing Agreement</u>**

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $0.00001 per share, of DeFi Development Corp (f/k/a Janover Inc.), a Delaware corporation, and that this Joint Filing Agreement may be included as an Exhibit to such joint filing. This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

[*Signature page to follow*.]

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of November 25, 2025.

---

| | | |
|:---|:---|:---|
| **DEFI DEV LLC** | **DEFI DEV LLC** | **DEFI DEV LLC** |
| By: | Parker White, its managing member | Parker White, its managing member |
| By: | /s/ Parker White | /s/ Parker White |
|  | Name: | Parker White |
|  | Title: | Manager |
| **3277447 NOVA SCOTIA LTD** | **3277447 NOVA SCOTIA LTD** | **3277447 NOVA SCOTIA LTD** |
| By: | Joseph Onorati, its managing member | Joseph Onorati, its managing member |
| By: | /s/ Joseph Onorati | /s/ Joseph Onorati |
|  | Name: | Joseph Onorati |
|  | Title: | Manager |
| **PARKER WHITE** | **PARKER WHITE** | **PARKER WHITE** |
| /s/ Parker White | /s/ Parker White | /s/ Parker White |
| Parker White | Parker White | Parker White |
| **JOSEPH ONORATI** | **JOSEPH ONORATI** | **JOSEPH ONORATI** |
| /s/ Joseph Onorati | /s/ Joseph Onorati | /s/ Joseph Onorati |
| Joseph Onorati | Joseph Onorati | Joseph Onorati |

---

[*Signature Page to Joint Filing Agreement*]

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**DeFi Development Corp.**

*(Name of Issuer)*

**Common Stock, par value $0.00001 per share**

*(Title of Class of Securities)*

**47100L301**

*(CUSIP Number)*

**Parker White**<br>Defi Dev LLC<br>1530 P B Ln W5205<br>Wichita Falls TX 76302<br>304-884-5301

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**11/21/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **47100L301** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Defi Dev LLC** | Name of reporting person<br>**Defi Dev LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2488992.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2488992.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2488992.00** | Aggregate amount beneficially owned by each reporting person<br>**2488992.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.9%** | Percent of class represented by amount in Row (11)<br>**7.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** * Percentage shown is based on a total of 31,401,212 shares outstanding on November 19, 2025 as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ending on September 30, 2025 ("FORM 10-Q") filed with the Securities and Exchange Commission (the "SEC") on November 19, 2025.

| **CUSIP No.** | **47100L301** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Parker White** | Name of reporting person<br>**Parker White** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**3616832.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**3616832.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3616832.00** | Aggregate amount beneficially owned by each reporting person<br>**3616832.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**11.5%** | Percent of class represented by amount in Row (11)<br>**11.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** * Includes 2,488,992 shares of common stock owned by Defi Dev LLC, of which Mr. White is the managing member.

** Includes 604,884 shares of common stock and warrants to purchase 60,488 shares of common stock that are exercisable within 60 days of November 21, 2025 owned by SolSync Solutions Partnership, an Alaska General Partnership, of which Mr. White and Joseph Onorati are partners. Mr. White is the general partner and maintains voting and dispositive control over the shares.

*** Includes warrants to purchase 220,397 shares of common stock that are exercisable within 60 days of November 21, 2025 owned by Mr. White directly.

**** Percentage shown is based on a total of 31,401,212 shares outstanding on November 19, 2025 as reported in the Issuer's FORM 10-Q filed with the SEC on November 19, 2025.

| **CUSIP No.** | **47100L301** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**3277447 Nova Scotia Ltd** | Name of reporting person<br>**3277447 Nova Scotia Ltd** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NOVA SCOTIA** | Citizenship or place of organization<br>**NOVA SCOTIA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2437750.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2437750.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2437750.00** | Aggregate amount beneficially owned by each reporting person<br>**2437750.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.8%** | Percent of class represented by amount in Row (11)<br>**7.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** * Includes warrants to purchase 221,613 shares of common stock that are exercisable within 60 days of November 21, 2025.

** Percentage shown is based on a total of 31,401,212 shares outstanding on November 19, 2025 as reported in the Issuer's FORM 10-Q filed with the SEC on November 19, 2025.

| **CUSIP No.** | **47100L301** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Joseph Onorati** | Name of reporting person<br>**Joseph Onorati** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ISRAEL** | Citizenship or place of organization<br>**ISRAEL** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2437750.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2437750.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2437750.00** | Aggregate amount beneficially owned by each reporting person<br>**2437750.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.8%** | Percent of class represented by amount in Row (11)<br>**7.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** * Includes 2,216,137 shares of common stock and warrants to purchase 221,613 shares of common stock that are exercisable within 60 days of October 27, 2025 owned by 3277447 Nova Scotia Ltd. of which Mr. Onorati is the sole owner.

*** Percentage shown is based on a total of 31,401,212 shares outstanding on November 19, 2025 as reported in the Issuer's FORM 10-Q filed with the SEC on November 19, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.00001 per share

**(b) Name of Issuer:**
DeFi Development Corp.

**(c) Address of Issuer's Principal Executive Offices:**
6401 Congress Avenue, Suite 250, Boca Raton, FL, 33487

AMENDMENT NO. 2 TO SCHEDULE 13D Explanatory Note This Amendment No. 2 ("Amendment No. 2") amends and supplements the Schedule 13D Amendment No. 1  (the "Schedule 13D") filed on May 5, 2025. The Reporting Persons (as defined in Item 2 below) previously filed the Schedule 13D on May 5, 2025 pursuant to Rule 13d-1(d) of the Act. Except as specifically amended by this Amendment No. 2, the Schedule 13D remains in full force and effect. Capitalized terms used but not otherwise defined herein shall have the respective meanings previously ascribed to them in the Schedule 13D.

**Item 4. Purpose of Transaction**

The information set forth or incorporated in Item 3 and Item 6 is hereby incorporated by reference in its entirety into this Item 4. The Reporting Persons acquired the shares of Common Stock as part of the Transaction described in Item 3 above. Other than as described in this Item 4, none of the Reporting Persons presently has any additional plans or proposals that relate to or that would result in any of the transactions or other matters specified in clauses (a) through (j) of Item 4 of Schedule 13D, but depending on the factors discussed herein, the Reporting Persons may change their purpose or formulate different plans or proposals with respect their investment in the Issuer at any time.

**Item 5. Interest in Securities of the Issuer**

**(a)**
On the date of this Schedule 13D, the Reporting Persons may be deemed to beneficially own, in the aggregate, 6,054,582 shares of Common Stock, including warrants to purchase 502,498 shares that are exercisable within 60 days of October 27, 2025, which is approximately 19.3% of the Common Shares outstanding. The calculation of the percentage of Common Shares beneficially owned by the Reporting Persons are based on the 31,401,212 Common Shares outstanding as of November 19, 2025.

**(b)**
The information contained on the cover pages to this Schedule 13D are incorporated by reference into this Item 5. Mr. Parker White is the control person as the sole manager of Defi Dev and may be deemed to control Defi Dev. Mr. Onorati is the control person as director and president of NS Corp and may be deemed to control NS Corp.

**(c)**
Except the information set forth in this Schedule 13D, and Mr. White's open market purchase of the following shares of the Issuer's Common Stock on November 25, 2025: 7,041 shares at $6.90 per share, and 3,003 shares at $6.94 per share, no transactions in any of the Common Stock have been effected by the Reporting Persons during the past sixty days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information set forth or incorporated in Item 3, Item 4 and Item 5 is hereby incorporated by reference in its entirety into this Item 6. The foregoing descriptions of the Purchase Agreement does not purport to be complete and is qualified in its entirety by the full text of the Purchase Agreement that is attached hereto as Exhibit 1, and is incorporated by reference herein.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Defi Dev LLC

**Signature:** /s/ Parker White

**Name/Title:** Defi Dev LLC, by Parker White, its Managing Member

**Date:** 11/25/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Parker White

**Signature:** /s/ Parker White

**Name/Title:** Parker White

**Date:** 11/25/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** 3277447 Nova Scotia Ltd

**Signature:** /s/ Joseph Onorati

**Name/Title:** 3277447 Nova Scotia Ltd, by Joseph Onorati, its Managing Member

**Date:** 11/25/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Joseph Onorati

**Signature:** /s/ Joseph Onorati

**Name/Title:** Joseph Onorati

**Date:** 11/25/2025