Business
DeFi Technologies Announces Closing of US$100 Million Registered Direct Offering
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 closed its previously announced US$100 million registered direct offering (the "Offering"). The Offering was placed with several well-known institutional investors and led by cornerstone investor Galaxy Digital (Nasdaq: GLXY). Pursuant to the
About this update from Galaxy Digital Inc.
[{"type":"text","content":"Nasdaq: DEFT | CBOE CA: DEFI | GR: R9B","length":38,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Sept. 26, 2025 /CNW/ - 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 closed its previously announced US$100 million registered direct offering (the "Offering"). The Offering was placed with several well-known institutional investors and led by cornerstone investor Galaxy Digital (Nasdaq: GLXY). Pursuant to the Offering, such investors have purchased an aggregate 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.","length":814,"tagName":"p"},{"type":"image","alt":"DeFi Technologies logo (CNW Group/DeFi Technologies Inc.)","displaySize":"","headline":null,"caption":"DeFi Technologies logo (CNW Group/DeFi Technologies Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/prnewswire.com/516b3d8c041b662c84a1d95f045a3548"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dbxDLxx5zJYMH477AM9_lQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/516b3d8c041b662c84a1d95f045a3548","width":400,"height":300}},"href":"https://mma.prnewswire.com/media/2783447/DeFi_Technologies_Inc__DeFi_Technologies_Announces_Closing_of_US.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Each warrant has an exercise price of US$2.63 per common share, equal to 120% of the offering price (a 20% premium), is exercisable immediately upon issuance and expires 3 years from the date of issuance, subject to an acceleration feature based upon share price appreciation and other factors.","length":294,"tagName":"p"},{"type":"text","content":"The gross proceeds to the Company are US$100,000,000 before deducting the placement agent fees and other offering expenses. The Company intends to use the net proceeds of the offering to, among other things, expand its exchange traded product ("ETP") offerings, pursue further digital asset...