Core Insights - DeFi Technologies is facing significant legal challenges due to allegations of violating federal securities laws by making false or misleading statements regarding its business operations and financial performance [2][4]. Financial Performance - DeFi Technologies reported a revenue decline of nearly 20% in Q3 2025, falling short of market expectations [4]. - The company significantly lowered its 2025 revenue forecast from $218.6 million to approximately $116.6 million, attributing this to delays in executing its DeFi Alpha arbitrage strategy [4]. Stock Price Impact - Following the announcement of the revenue decline and lowered forecast, DeFi Technologies' stock price fell by $0.40 per share, or 27.59%, closing at $1.05 per share on November 17, 2025 [5]. Management Changes - Concurrent with the financial disclosures, DeFi Technologies announced that CEO Newton would transition to an advisory role, indicating potential leadership instability [4]. Legal Proceedings - A lead plaintiff has been appointed to oversee the litigation on behalf of the class of investors affected by the alleged misconduct of DeFi Technologies [6].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of DeFi Technologies
Prnewswire·2025-12-05 15:43