Core Viewpoint - DeFi Technologies Inc. has successfully closed a US$100 million registered direct offering, aimed at expanding its operations in decentralized finance and digital asset trading [1][3]. Group 1: Offering Details - The offering was placed with several institutional investors, led by Galaxy Digital, resulting in the purchase of 45,662,101 common shares and warrants for an additional 34,246,577 common shares at a price of US$2.19 per share [1]. - Each warrant has an exercise price of US$2.63 per common share, representing a 20% premium over the offering price, and is exercisable immediately for three years [2]. - The gross proceeds from the offering amount to US$100 million before deducting fees and expenses [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to expand exchange traded product offerings, pursue digital asset trading, lending, and staking transactions, and fund potential acquisitions and business initiatives aligned with the company's growth strategy [3]. Group 3: Company Overview - DeFi Technologies Inc. operates as a financial technology company that connects traditional capital markets with decentralized finance, offering diversified exposure to the decentralized economy through various business lines [7]. - The company's offerings include Valour for regulated ETPs, Stillman Digital for institutional-grade execution and custody, Reflexivity Research for digital asset research, Neuronomics for quantitative trading strategies, and DeFi Alpha for internal trading [7].
DeFi Technologies Announces Closing of US$100 Million Registered Direct Offering