Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
TORONTO - DeFi Technologies Inc. (Nasdaq:DEFT), currently trading at $2.18 and showing strong revenue growth of 135% in the last twelve months according to InvestingPro data, announced Friday it has closed its previously announced US$100 million registered direct offering with several institutional investors, led by cornerstone investor Galaxy Digital (Nasdaq:GLXY).
The offering consisted of 45,662,101 common shares and warrants to purchase up to an additional 34,246,577 common shares at a combined purchase price of US$2.19 per common share and three-quarters of a warrant. The stock has traded between $1.51 and $4.79 over the past 52 weeks, with current InvestingPro analysis indicating the stock is currently overvalued.
Each warrant has an exercise price of US$2.63 per common share, representing a 20% premium to the offering price. The warrants are exercisable immediately upon issuance and expire three years from the issuance date, subject to acceleration provisions based on share price performance.
According to the company’s statement, the net proceeds will be used to expand its exchange traded product offerings, pursue digital asset trading, lending and staking transactions, fund potential acquisitions, and support recently announced business initiatives aligned with its growth strategy.
Joseph Gunnar & Co., LLC served as the exclusive placement agent for the transaction.
The offering was made under the company’s short form base shelf prospectus dated August 29, 2025, filed with Canadian securities regulatory authorities, and the corresponding registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission under the U.S./Canada Multijurisdictional Disclosure System.
DeFi Technologies describes itself as a financial technology company that bridges traditional capital markets and decentralized finance through various business lines including Valour, Stillman Digital, Reflexivity Research, Neuronomics, and DeFi Alpha.
The information in this article is based on a press release statement from the company.
In other recent news, DeFi Technologies Inc. announced a strategic investment in Canada Stablecorp Inc., joining notable investors such as Coinbase Ventures and Circle Ventures. This collaboration aims to scale QCAD, a Canadian-dollar stablecoin, in anticipation of the Retail Payments Activities Act’s oversight rules set to take effect in 2025. This regulatory framework is expected to provide formal oversight for payment service providers, potentially aiding the growth of CAD-denominated digital currency. Additionally, DeFi Technologies revealed plans to initiate a share buyback program, known as a Normal Course Issuer Bid. The company intends to repurchase up to 31,673,791 common shares, which represents 10% of its public float. The buyback program will be conducted through various trading platforms, including Nasdaq and CBOE Canada, and is scheduled to run from August 2025 to August 2026. These developments reflect DeFi Technologies’ strategic efforts to enhance its market presence and shareholder value.
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