Core Viewpoint - A class action lawsuit has been filed against DeFi Technologies Inc. and certain officers for alleged violations of federal securities laws during the Class Period from May 12, 2025, to November 14, 2025, seeking damages for affected investors [1] Company Overview - DeFi Technologies is a technology and digital asset treasury company that develops exchange-traded products in Canada, tracking the value of decentralized finance protocols and offering asset management services [4] - The company was previously known as Valour Inc. and changed its name to DeFi Technologies Inc. in July 2023, with its headquarters in Toronto, Canada [5] Business Segments - DeFi Technologies operates five business segments, including DeFi Alpha, which is described as a specialized arbitrage trading desk aimed at capitalizing on low-risk arbitrage opportunities within the cryptocurrency market [6] Financial Performance and Guidance - At the beginning of the Class Period, DeFi Technologies projected full-year 2025 revenue of approximately C$285.6 million (US$201.07 million), indicating significant growth from 2024 [7] - On August 14, 2025, the company raised its revenue guidance for 2025 to US$218.6 million, emphasizing the advantages of its DeFi Alpha operations [7] - However, on November 14, 2025, the company reported a nearly 20% revenue decline, lowering its revenue forecast from US$218.6 million to approximately US$116.6 million due to delays in executing its arbitrage strategy [12] Stock Performance - Following the announcement of the revenue decline and the departure of CEO Olivier Roussy Newton, DeFi Technologies' stock price fell by 27.59%, closing at US$1.05 per share on November 17, 2025 [13]
Pomerantz Law Firm Announces the Filing of a Class Action Against DeFi Technologies Inc. and Certain Officers – DEFT