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DeFi Technologies Announces the Pricing of an Oversubscribed US$100 Million Registered Direct Offering
Prnewswireยท 2025-09-25 13:21
Core Viewpoint - DeFi Technologies Inc. has entered into a securities purchase agreement with institutional investors, led by Galaxy Digital, to raise capital through the sale of common stock and warrants, aiming to bridge traditional capital markets with decentralized finance [1][4]. Group 1: Offering Details - The agreement involves the purchase of 45,662,101 shares of common stock and warrants for an aggregate price of US$2.19 per share, with warrants allowing the purchase of an additional 34,246,577 shares [1]. - The warrants will have an exercise price of US$2.63 per share, representing a 120% premium to the offering price, and will be exercisable immediately upon issuance, expiring three years from the issuance date [2]. - The offering is expected to close on September 26, 2025, pending customary closing conditions and regulatory approvals [3]. Group 2: Financial Implications - The gross proceeds from the offering are projected to be US$100,000,000 before deducting fees and expenses, with the net proceeds intended for general corporate purposes, including working capital [4]. - The offering is conducted under the Company's short form base shelf prospectus and corresponding registration statement filed with the U.S. Securities and Exchange Commission [5][6]. Group 3: Company Overview - DeFi Technologies Inc. is a financial technology company that connects traditional capital markets with decentralized finance, offering diversified exposure to the decentralized economy through various business lines, including digital asset access and research [8].