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 [3][4]. - The company was previously known as Valour Inc. and changed its name in July 2023, with its headquarters located in Toronto, Canada [4]. Business Segments - DeFi Technologies operates five business segments, including DeFi Alpha, which focuses on identifying low-risk arbitrage opportunities within the cryptocurrency market [5]. - The company has emphasized that DeFi Alpha consistently drives revenues and aims to mitigate revenue volatility through its operations [6]. Financial Performance - 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 [6]. - On August 14, 2025, the company raised its revenue guidance for 2025 to US$218.6 million, highlighting the ongoing execution of DeFi Alpha's arbitrage opportunities [6]. - However, on November 14, 2025, the company reported a nearly 20% revenue decline, revising its revenue forecast down to approximately US$116.6 million due to delays in executing its arbitrage strategy [11]. Stock Market Reaction - Following the announcement of a significant revenue decline and the departure of CEO Olivier Roussy Newton, DeFi Technologies' stock price fell by 27.59% over two trading sessions, closing at US$1.05 per share [12].
Pomerantz Law Firm Announces the Filing of a Class Action Against DeFi Technologies Inc. and Certain Officers - DEFT