DeFi Technologies Inc. has successfully closed a significant US$100 million registered direct offering led by prominent institutional investors, including cornerstone investor Galaxy Digital. The offering saw the purchase of 45,662,101 common shares along with warrants for an additional 34,246,577 common shares, priced at US$2.19 per common share and three-quarters of a warrant.
Each associated warrant holds an exercise price of US$2.63 per common share, representing a 20% premium over the offering price. Warrant holders can exercise their warrants immediately after issuance, with a validity extending up to three years, subject to share price conditions and other relevant factors.
The gross proceeds from this offering are set at US$100 million before considering placement agent fees and related expenses. The company plans to leverage the net proceeds to expand its exchange traded product offerings, enhance its digital asset trading, lending, and staking capabilities, invest in potential acquisitions, and support new business initiatives in line with its growth strategy.
Joseph Gunnar & Co., LLC served as the exclusive placement agent for this offering. The offering was executed under the firm’s base shelf prospectus, filed with securities authorities across Canada, accompanied by the relevant registration statement with the U.S. Securities and Exchange Commission.
As part of this offering, all necessary documents, including a prospectus supplement, are available for public access both on SEDAR+ and EDGAR. Potential investors are reminded that this announcement does not constitute an offer to sell or a solicitation to buy the securities described, and any sale of these securities should comply with applicable state or jurisdictional laws.
DeFi Technologies Inc. positions itself at the nexus between traditional capital markets and decentralized finance, providing investors with diversified access to the evolving digital economy. The company’s integrated business model encompasses various sectors, including its regulated digital asset offerings via Valour, institutional-grade services through Stillman Digital, and quantitative trading strategies via Neuronomics.
However, the company has issued a cautionary note regarding forward-looking information, acknowledging the inherent risks and uncertainties tied to its projections and the offering, including regulatory approvals, market acceptance of their products, and economic fluctuations. As such, actual results may differ significantly from those anticipated, and the company does not commit to updating any forward-looking statements without complying with applicable securities regulations.
