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DEFT DEADLINE INVESTOR ALERT: DeFi Technologies Investors Urged to Contact Kirby McInerney LLP About Class Action Lawsuit
Globenewswire· 2026-01-15 21:52
Core Viewpoint - DeFi Technologies is facing a federal securities class action lawsuit due to allegations of misleading statements and failure to disclose critical operational challenges during the Class Period from May 12, 2025, to November 14, 2025 [3]. Group 1: Lawsuit Details - The lawsuit claims that DeFi faced delays in executing its DeFi arbitrage strategy, which was a key revenue driver for the company [3]. - It is alleged that DeFi understated the competition from other digital asset treasury companies, impacting its ability to execute its arbitrage strategy [3]. - The company is accused of failing to meet its previously issued revenue guidance for fiscal year 2025 due to these issues [3]. Group 2: Financial Impact - On November 6, 2025, DeFi's share price fell by approximately 7.43%, from $1.75 to $1.62, following a press release indicating that digital asset treasuries had absorbed a significant share of arbitrage opportunities [4]. - Following the announcement of a nearly 20% revenue decline and a significant reduction in the 2025 revenue forecast from $218.6 million to approximately $116.6 million on November 14, 2025, DeFi's share price dropped by about 14.63%, from $1.23 to $1.05 [5].