DeFi Technologies Inc., a financial technology firm focused on integrating traditional capital markets with decentralized finance, has announced a significant securities purchase agreement involving several notable institutional investors, including Galaxy Digital. Under the agreement, these investors will buy a total of 45,662,101 shares of common stock, along with warrants allowing them to acquire an additional 34,246,577 shares of common stock. The shares are priced at US$2.19 each, with the warrants priced at US$2.63, representing a substantial premium.
The warrants will be immediately exercisable upon issuance and will have a three-year expiration date, subject to acceleration based on certain performance indicators such as share price appreciation. The offering is scheduled to close on September 26, 2025, pending standard closing conditions, including regulatory approvals from the Cboe Canada Exchange and notification to the Nasdaq Capital Market.
Joseph Gunnar & Co., LLC has been appointed as the sole placement agent for this transaction. The gross proceeds from the offering are anticipated to reach approximately US$100 million, which will be allocated toward general corporate purposes, including funding working capital.
This offering is being executed under DeFi Technologies’ short form base shelf prospectus filed with securities regulatory authorities across Canada, as well as a corresponding registration statement filed with the U.S. Securities and Exchange Commission under the U.S./Canada Multijurisdictional Disclosure System. Investors can obtain copies of the associated documentation from the relevant authorities or directly from Joseph Gunnar & Co., LLC.
DeFi Technologies plays a pivotal role in the decentralized economy, offering a range of services including Valour, which provides regulated access to digital assets; Stillman Digital, focused on institutional-grade execution and custody; and Reflexivity Research, which delves into the digital asset landscape. The company’s diverse offerings also encompass Neuronomics, focusing on quantitative trading strategies, and DeFi Alpha, an internal trading and arbitrage function.
The announcement includes caution regarding forward-looking information, emphasizing that the completion and outcomes of the offering are influenced by various risks and uncertainties. Factors such as regulatory approvals, market conditions in decentralized finance, and price fluctuations in digital assets could materially affect the actual results compared to those predicted in forward-looking statements. The company advises against placing undue reliance on these projections, underscoring its commitment to adhering to applicable securities laws in providing updates on forward-looking information.
