Defi Technologies receives MCTO

Executive Summary

• Defi Technologies Inc. has received a Management Cease Trade Order (MCTO) from the Ontario Securities Commission (OSC) due to its delay in filing audited annual financial statements, MD&A, and related certifications for the fiscal year ended December 31, 2025.
• The MCTO restricts the CEO and CFO from trading company securities and prohibits the company from issuing or acquiring securities from insiders/employees until the overdue annual filings are submitted.
• The delay is solely attributed to awaiting a material third-party SOC 2 Type 2 report required for audit procedures, with the company committing to biweekly default status reports on SEDAR+ until compliance is achieved.

Key Details

• OSC granted the MCTO following the company's applications on March 23 and March 31, 2026.
• The MCTO specifically addresses the delay in filing audited annual financial statements, MD&A, and related certifications for the year ended Dec 31, 2025.
• Shareholders who are not employees or insiders retain full trading rights for their securities.
• CEO and CFO are prohibited from trading in company securities (including acquisitions/dispositions under automatic plans) until the annual filings are submitted.
• The company is prohibited from directly or indirectly issuing securities or acquiring securities from insiders/employees until filings are submitted, except for legally binding obligations existing as of March 23, 2026.
• The company will comply with National Policy 12-203 by issuing biweekly default status reports via news releases filed on SEDAR+.
• The filing delay is solely due to the company awaiting a material third-party counterparty's SOC 2 Type 2 report, which is necessary for audit procedures.
• Management remains in constant communication with the third party regarding the progress of the SOC 2 Type 2 report.
• No material business developments have occurred since the interim financial reports for the period ended Sept 30, 2025 (filed Nov 14, 2025).