Defi Technologies prices $100-million (U.S.) offering

Executive Summary

• Defi Technologies Inc. announced the pricing of an oversubscribed registered direct offering of $100 million USD.
• The company issued 45,662,101 shares of common stock and warrants to purchase up to 34,246,577 additional shares to institutional investors led by Galaxy Digital.
• The net proceeds will be used for general corporate purposes, including financing working capital.

Key Details

• Transaction Structure: Registered direct offering of common stock and warrants.
• Gross Proceeds: $100,000,000 USD.
• Shares Issued: 45,662,101 shares of common stock.
• Warrants Issued: Warrants to purchase up to 34,246,577 shares of common stock.
• Purchase Price: $2.19 USD per share and three-fourths (0.75) of a warrant.
• Warrant Terms:
  • Exercise Price: $2.63 USD per share (120% premium to offering price).
  • Exercisability: Immediately upon issuance.
  • Expiration: Three years from the date of issuance.
  • Acceleration: Subject to an acceleration feature based upon share price appreciation and other factors.
• Placement Agent: Joseph Gunnar & Co. LLC served as the exclusive placement agent.
• Lead Investor: Galaxy Digital led the institutional investors.
• Use of Proceeds: General corporate purposes, including financing working capital.
• Closing Date: Expected to close on September 26, 2025, subject to customary closing conditions (including regulatory approvals from Cboe Canada and notification to Nasdaq Capital Market).
• Regulatory Filings: Made under the company's short form base shelf prospectus dated September 4, 2025, and registration statement on Form F-10 (File No. 333-290048) filed with the SEC under the MJDS.

Notable Quotes

• None provided in the text.