Defi Technologies receives MCTO

Mr. Johan Wattenstrom reports DEFI TECHNOLOGIES INC. ANNOUNCES RECEIPT OF MCTO Further to Defi Technologies Inc.'s news release dated March 23, 2026, and March 31, 2026, regarding the company's application to the Ontario Securities Commission (OSC) for a management cease trade order (MCTO) to be imposed in respect of its delay in filing its audited annual financial statements, management discussion and analysis, and related certifications, all for the year ended Dec. 31, 2025, the OSC has granted the MCTO. The MCTO does not affect the ability of shareholders who are not employees or insiders of the company to trade their securities of the company. The MCTO prohibits the chief executive officer and the chief financial officer of the company from trading in securities of the company for so long as the annual filings are not filed, including the disposition or acquisition of securities of the company under any automatic plan. Additionally, for so long as the annual filings are not filed, the company will not, directly or indirectly, issue securities or acquire securities from an insider or employee of the company except in accordance with legally binding obligations to do so existing as of March 23, 2026. Until the company files the annual filings, it will comply with the alternative information guidelines set out in National Policy 12-203, Cease Trade Orders for Continuous Disclosure Defaults, including issuing biweekly default status reports by way of news releases, which will be filed on SEDAR+. The company confirms that, other than as disclosed in prior press releases, including with respect to the application for the MCTO on March 23, 2026, and material change reports, there have been no material business developments since the filing on Nov. 14, 2025, of the company's latest interim financial reports for the period ended Sept. 30, 2025. The company's failure to file the annual filings relates solely to the delay in receiving an SOC 2 Type 2 report from a material third party counterparty that is relevant to the company's audit procedures. The company remains in constant communications with the third party counterparty as it relates to such third party counterparty's progress toward receipt of its SOC 2 Type 2 report. About Defi Technologies Inc. Defi Technologies is a financial technology company bridging the gap between traditional capital markets and decentralized finance (defi). As the first Nasdaq-listed digital asset manager of its kind, Defi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over 100 of the world's most innovative digital assets through regulated ETPs (exchange-traded products); Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and liquidity; Reflexivity Research, which provides leading research into the digital asset space; and Defi Alpha, the company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, Defi Technologies is building the institutional gateway to the future of finance. We seek Safe Harbor.