NOTICE TO THE HOLDERS of CH1108679908, Series 6800, Open ended Valour Mantra (OM) SEK (the “Certificates”) issued by Valour Inc., LEI: 984500RAH11EE88V4014 (the “Issuer”)
Rhea-AI Summary
Valour (DEFT) notifies holders that Mantra (OM) will undergo a token swap, redenomination and rebranding to MANTRA (MANTRA), with a non-dilutive split of 1 OM = 4 MANTRA. Implementation is currently expected to take effect on 2 March 2026.
A trading halt at Spotlight is expected on 2 and 3 March 2026 to ensure orderly market conditions. Certificates will continue to reflect the successor digital asset and each Holder’s entitlement and certificate count will remain unchanged. The Issuer may rebrand certificates subject to regulatory approvals.
Positive
- Token swap set at 1 OM = 4 MANTRA (non-dilutive)
- Certificates retain same number and unchanged entitlements
- Implementation date targeted for 2 March 2026
Negative
- Trading halt at Spotlight on 2–3 March 2026 could limit liquidity
- Implementation is subject to regulatory approvals and timing uncertainty
- Issuer reserves right to impose future certificate split
Key Figures
Market Reality Check
Peers on Argus
DEFT fell 5.24% while key peers showed mixed moves: HIVE +0.96%, BTBT +3.11%, AMRK +2.17%, OPY -1.86%, FUFU -3.06%, indicating a stock-specific move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 20 | DVIO webinar announcement | Positive | -0.0% | Announced DVIO Index webinar to discuss flows, analytics, and product design. |
| Feb 09 | DVIO index launch | Positive | -4.8% | Launched DVIO index tracking regulated flows across Valour’s ETP platform. |
| Feb 06 | MERGE symposium partnership | Positive | +14.7% | Partnership to host DeFi symposium in São Paulo during MERGE week. |
| Feb 04 | Stablecorp QCAD custodian | Positive | +3.0% | VersaBank appointed custodian for QCAD Digital Trust reserves. |
| Jan 26 | UK retail ETP approval | Positive | -1.7% | UK approval to offer select yield-bearing crypto ETPs to retail on LSE. |
Recent crypto/Valour headlines have generally been positive, yet price reactions were mixed, with several small selloffs and two notable rallies on partnership/expansion news.
Over the past month, DEFT has issued multiple crypto-related updates via Valour, including UK approval for yield-bearing crypto ETPs on Jan 26, 2026, a Brazil-focused partnership with MERGE on Feb 6, and launch plus webinar promotion of the DVIO Index on Feb 9 and Feb 20. Price reactions ranged from -4.75% to +14.74%, showing that seemingly similar strategic updates have produced varied market responses.
Market Pulse Summary
This announcement details a MANTRA token swap, redenomination, and rebranding that qualify as a Transformation Event for Valour’s Certificates, while keeping Certificate counts and entitlements unchanged for holders. Investors may focus on operational execution around the 2 March 2026 implementation, any impact of the brief Spotlight trading halt, and how this fits alongside recent Valour initiatives such as new indices and ETP market expansions.
Key Terms
digital asset technical
exchange traded products ("ETPs") financial
AI-generated analysis. Not financial advice.
OM-Mantra Token Swap, Redenomination and Rebranding – Transformation Event
ZUG, Switzerland, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Binance has announced that the Digital Asset under the Certificates will be subject to a MANTRA (OM) token swap, redenomination and rebranding to MANTRA (MANTRA):
- OM tokens will assume the ticker of MANTRA tokens on Binance;
- All OM tokens will be swapped to MANTRA at a ratio of 1 OM = 4 MANTRA though a non-dilutive split;
- Implementation is currently expected to take effect on 2 March 2026; and
- Separately, a trading halt at Spotlight regarding the Certificates is expected to be imposed on 2 March and 3 March 2026 to ensure orderly fair and market conditions.
Further information regarding the token swap, redenomination and rebranding is available at: https://www.binance.com/en/support/announcement/detail/4d13052b4be943f5b155cb9150ca902c?utm_source=new_share&ref=CPA_00Q01Y04QJ
The Issuer hereby gives Holders notice that said events constitute a Transformation Event as defined in the Conditions applicable to the Certificates. The Digital Asset under the Certificates will, simultaneously with the final implementation of the events constituting the Transformation Event, change from Mantra (OM) to the successor MANTRA (MANTRA) and the latter will constitute the Digital Asset under the Certificates going forward. Subject to regulatory approvals, if any, the Issuer will rebrand the Certificates to reflect the Transformation Event.
For the avoidance of doubt, the non-dilutive split of the underlying Digital Asset will not result in a split of the Certificates. Each Holder will continue to hold the same number of Certificates after the implementation of the Transformation Event and no action is required by Holders to continue to do so. The size of each Holder’s entitlement under a Certificate (or Reference Price as defined in the Conditions applicable to the Certificates) will not be modified by the Transformation Event.
The Issuer reserves the right to decide whether or not to impose a split regarding the Certificates in the future should the Issuer determine this to be an appropriate course of action in light of the prevailing market conditions at such future point in time.
For further information regarding this notice, please contact Investor Relations, ir@valour.com.
Zug, 24 February 2026
On behalf of
VALOUR INC.
About Valour
Valour Inc. and Valour Digital Securities Limited (together, “Valour”) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit valour.com.
For further information, please contact:
Johan Wattenström
Chief Executive Officer
ir@defi.tech
(323) 537-7681
FAQ
What does the 1 OM = 4 MANTRA token swap mean for DEFT holders?
When will the OM to MANTRA transformation for DEFT take effect?
Will DEFT certificates be split or require action from holders after the MANTRA swap?
How will the Spotlight trading halt on 2–3 March 2026 affect DEFT trading?
Will Valour rebrand DEFT certificates after the MANTRA redenomination?
