Core Insights - The complaint alleges that DeFi Technologies and its executives violated federal securities laws by making false or misleading statements regarding their DeFi arbitrage strategy and competition [2] - Following the release of disappointing financial results and a significant revenue forecast reduction, DeFi Technologies' stock price experienced a notable decline [4][5] Group 1: Allegations and Financial Impact - DeFi Technologies faced delays in executing its DeFi arbitrage strategy, which was a key revenue driver [2] - The company understated the competition from other Digital Asset Trading (DAT) companies, impacting its ability to execute its strategy [2] - As a result of these issues, DeFi Technologies was unlikely to meet its previously issued revenue guidance for fiscal year 2025 [2] - The company reported a revenue decline of nearly 20% for Q3 2025, falling short of market expectations [4] - DeFi Technologies significantly lowered its 2025 revenue forecast from $218.6 million to approximately $116.6 million due to delays in executing arbitrage opportunities [4] Group 2: Stock Price Reaction - Following the press release about the arbitrage trade, DeFi Technologies' stock price fell by $0.13 per share, or 7.43%, closing at $1.62 on November 6, 2025 [3] - After the Q3 financial results were disclosed, the stock price dropped by $0.40 per share, or 27.59%, closing at $1.05 on November 17, 2025 [5]
DEFT DEADLINE: Faruqi & Faruqi Reminds DeFi Technologies Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 30, 2026 - DEFT