Core Viewpoint - A class action lawsuit has been filed against DeFi Technologies Inc. for allegedly misleading investors about its business prospects and financial performance during a specific period [1][2]. Group 1: Allegations and Financial Performance - The lawsuit claims that DeFi Technologies did not disclose delays in executing its DeFi arbitrage strategy, which was a key revenue driver [2]. - It is alleged that the company understated the competition it faced from other digital asset treasury (DAT) companies, impacting its ability to execute its strategy [2]. - As a result of these issues, DeFi Technologies is unlikely to meet its previously issued revenue guidance for fiscal year 2025 [2]. - On November 14, 2025, DeFi Technologies reported a revenue decline of nearly 20%, significantly lowering its 2025 revenue forecast from $218.6 million to approximately $116.6 million [3]. - The reduction in revenue forecast was attributed to delays in executing DeFi Alpha arbitrage opportunities due to increased competition and consolidation in digital asset price movements [3]. - Following the disappointing financial results, the company's stock price fell by $0.40 per share, or 27.59%, closing at $1.05 per share on November 17, 2025 [3]. Group 2: Legal Proceedings and Participation - Shareholders may be eligible to participate in the class action against DeFi Technologies Inc. and can contact Robbins LLP if they wish to serve as lead plaintiff [3]. - The lead plaintiff acts on behalf of other class members in directing the litigation, and shareholders do not need to participate in the case to be eligible for recovery [3].
Investor Notice: Robbins LLP Informs Investors of the DeFi Technologies Inc. Securities Class Action