DeFi Technologies has successfully closed its previously announced US$100 million registered direct offering, strengthening its position at the intersection of traditional finance and decentralized finance (DeFi). The offering, led by cornerstone investor Galaxy Digital (Nasdaq: GLXY), included participation from several prominent institutional investors. Through this offering, investors purchased 45,662,101 common shares and warrants to acquire up to an additional 34,246,577 shares, at a combined price of US$2.19 per share and three-quarters of a warrant.
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Each warrant carries an exercise price of US$2.63 per share—20% above the offering price—and is exercisable immediately, with a three-year expiration, subject to acceleration based on share price performance. The gross proceeds of US$100 million, before fees and expenses, will support DeFi Technologies’ strategic growth initiatives, including expanding exchange-traded product (ETP) offerings, increasing digital asset trading, lending, and staking activities, pursuing potential acquisitions, and funding other recently announced business initiatives.
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Joseph Gunnar & Co., LLC acted as the exclusive placement agent for the offering, which was conducted under the Company’s short form base shelf prospectus filed in Canada and the corresponding U.S. registration statement under the Multijurisdictional Disclosure System. This transaction underscores DeFi Technologies’ commitment to bridging traditional capital markets with the growing decentralized finance ecosystem, providing investors with enhanced opportunities in digital finance.
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