DDC Enterprise announced its initial public offering of preferred shares, expecting to raise 24 million USD

DDC Enterprise announced the initial public offering of preferred stock SAVOR (SVOR), with an initial offering price of $20 and an annual dividend rate of 13.5%, paid daily.

This issuance is expected to raise $24 million, which will be used to repay convertible notes, fund the dividend reserve account, and increase Bitcoin holdings.