DDC announces DDC SAVOR 13.5% Perpetual Preferred Series A.

Here's what the announcement says, with the numbers that matter. DDC Enterprise (NYSE American: DDC), which calls itself a digital asset treasury company, said on November 4, 2026 that it has started an underwritten public offering of DDC SAVOR 13.5% Perpetual Preferred Series A shares. The company's press release gives the terms.

• Stated value: $25.00 per share, par $0.016. The 13.5% rate on $25 is $3.375 a year, accrued daily and paid in cash each business day (per Investing.com's report).
• Offering price: expected at $20.00 per share, below the $25 stated value. Maxim is sole book-runner. Underwriters get a 45-day option on up to 15% more shares.
• Private placement: a separate agreement for at least 1,200,000 shares ($30 million stated value) at $20, with gross proceeds of about $24 million.
• Ranking: perpetual, no maturity, senior to ordinary shares and junior to all existing and future debt.
• Bitcoin bonus: the X post says up to $4 per share in conditional Bitcoin-linked bonus dividends. The release's terms on the trigger prices are in the full text, so check them there.

Seeking Alpha reported the stock fell about 7% on the news (Nov 5, 2026). Perpetual preferreds tied to bitcoin treasuries have come up here before, in this conversation on a new perpetual preferred and in a look at perpetual preferred dividends. I can't tell you whether this is a good buy. The useful questions are how the dividends are paid, what the company earns, and how much debt sits ahead of the preferred.