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DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NASDAQ: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi") is pleased to announce that it has entered into a securities purchase agreement with several well-known institutional investors, led by Galaxy Digital (NASDAQ: GLXY). Pursuant to the agreement, such investors have agreed to purchase an aggregate of 45,662,101 shares of common stock and warrants to purchase up to an additional 34,246,577 shares of common stock, at a combined purchase price of US$2.19 per share and three-quarters of one warrant.
The warrants will have an exercise price of US$2.63 per share, representing a 120% premium to the offering price, will be exercisable immediately upon issuance and will expire 3 years from the date of issuance, subject to an acceleration feature based upon share price appreciation and other factors.
The offering is expected to close on September 26, 2025, subject to customary closing conditions, including receipt of all necessary regulatory approvals, including the approval of the Cboe Canada Exchange and notification to the Nasdaq Capital Market Exchange.
Joseph Gunnar & Co., LLC is serving as the exclusive placement agent in connection with the offering.
The gross proceeds to the Company will be US$100,000,000 before deducting the placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds of the offering for general corporate purposes, including funding working capital.
