DeFi Technologies, a fintech company focused on connecting traditional capital markets with the rapidly evolving world of decentralized finance (DeFi), has revealed plans to launch a share buyback program under a Normal Course Issuer Bid (NCIB). Through this program, the company will repurchase a portion of its common shares across Nasdaq Capital Markets, Cboe Canada, and other Canadian alternative trading platforms.
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Management believes the company’s current share price doesn’t fully reflect the strength of its business or future potential. With approximately US$19.8 million in cash reserves, leadership sees the buyback as both a strategic investment in the company’s future and a way to deliver value to shareholders.
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The NCIB, approved by DeFi Technologies’ board of directors and accepted by Cboe Canada, will begin on August 26, 2025 and may continue until August 26, 2026, unless completed earlier. Under the plan, the company may buy back up to 10% of its public float around 31.7 million shares with all repurchased shares to be cancelled. Purchases will be made at prevailing market prices in line with applicable rules and regulations, with daily transactions capped at 25% of average daily trading volume, except in the case of block purchases.
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By moving forward with this initiative, DeFi Technologies underscores its confidence in the company’s long-term vision: building a stronger bridge between traditional finance and decentralized opportunities while creating lasting value for investors.
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