Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against DeFi Technologies Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements and undisclosed operational challenges that have negatively impacted the company's financial performance [4][6]. Group 1: Allegations and Financial Impact - The complaint alleges that DeFi Technologies and its executives made false and misleading statements regarding delays in executing its DeFi arbitrage strategy, which is a key revenue driver [6]. - The company reportedly understated the competition it faced from other digital asset trading (DAT) companies, which adversely affected its ability to execute its arbitrage strategy [6]. - As a result of these issues, DeFi Technologies was unlikely to meet its previously issued revenue guidance for fiscal year 2025 [6]. Group 2: Stock Performance and Financial Results - Following a press release on November 6, 2025, regarding an arbitrage trade, DeFi Technologies' stock price fell by $0.13 per share, or 7.43%, closing at $1.62 per share [7]. - On November 14, 2025, the company reported a nearly 20% decline in revenue, significantly lowering its 2025 revenue forecast from $218.6 million to approximately $116.6 million due to delays in executing arbitrage opportunities [8]. - After these disclosures, DeFi Technologies' stock price dropped by $0.40 per share, or 27.59%, closing at $1.05 per share on November 17, 2025 [9]. Group 3: Legal Proceedings and Class Action - Investors who suffered losses in DeFi Technologies are encouraged to contact Faruqi & Faruqi to discuss their legal rights, with a deadline of January 30, 2026, to seek the role of lead plaintiff in the federal securities class action [4][10]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought by the class, who will direct and oversee the litigation on behalf of the class [10].
DEFT SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of DeFi Technologies