Core Viewpoint - DeFi Technologies is addressing share ownership and depository imbalances that were previously disclosed, aiming to provide transparency and rectify trading irregularities identified through reports from Shareholder Intelligence Services [1][2][3]. Group 1: Share Ownership and Trading Irregularities - The company engaged Shareholder Intelligence Services in June 2025 to analyze shareholder data and understand trading and beneficial ownership of its common shares [2]. - Reports received indicated persistent differences in share positions reported by broker-dealers to intermediaries, highlighting ongoing imbalances in both the U.S. and Canada [3][4]. - The company has contacted 14 broker-dealers with significant imbalances to request reconciliations, receiving responses attributing discrepancies to various factors such as settlement timing and securities lending [4]. Group 2: Impact on Shareholder Meeting - Based on the information reviewed, the company believes that the identified share ownership imbalances did not affect the voting results at the 2025 shareholder meeting due to the quantum of imbalances and quorum [5]. Group 3: Management Changes - The company announced the resignation of Stefan Hascoet from the board of directors, who had served since June 2023, and expressed appreciation for his contributions [6]. Group 4: Company Overview - DeFi Technologies is a financial technology company that bridges traditional capital markets and decentralized finance, offering diversified exposure to the decentralized economy through various subsidiaries [7]. - The company operates Valour, which provides access to digital assets via regulated exchange-traded products, and Stillman Digital, a digital asset prime brokerage [8][9].
DeFi Technologies Provides Clarifying Update on Share Ownership and Depository Imbalances and Outlines Next Steps and Announces Resignation of Director