DeFi Technologies Announces Launch of Normal Course Issuer Bid

Rhea-AI Summary

DeFi Technologies (Nasdaq: DEFT) has announced the launch of a Normal Course Issuer Bid (NCIB) to repurchase its common shares through Nasdaq Capital Markets, CBOE Canada, and other Canadian trading platforms. The company plans to buy back up to 31,673,791 common shares, representing 10% of its public float as of August 18, 2025.

The NCIB will run from August 26, 2025 to August 26, 2026, with daily purchases limited to 25% of the average daily trading volume. The company, which currently holds US$19.8 million in cash, believes the market price may not reflect its underlying value and prospects. All purchased shares will be cancelled, and Ventum Financial Corp. has been appointed to facilitate the buyback program.

Positive

• Current strong cash position of US$19.8 million available for buyback
• Significant buyback size of up to 31,673,791 common shares (10% of public float)
• Management's confidence in company's underlying value and prospects

Negative

• Daily purchase limitations may restrict buyback execution speed
• Reduction in cash reserves available for business operations or growth initiatives

Insights

Financial Analyst

DeFi Technologies' 10% share buyback signals management's confidence and could support share price, utilizing $19.8M from their strong cash position.

DeFi Technologies has announced a Normal Course Issuer Bid (NCIB) - essentially a share repurchase program - to buy back up to 10% of its public float (approximately 31.67 million shares). This strategic move signals management's belief that the company's shares may be undervalued relative to their intrinsic worth.

The buyback will be executed over a one-year period starting August 26, 2025, with purchases made through Nasdaq, CBOE Canada, and other alternative trading platforms. All repurchased shares will be cancelled, effectively reducing the total share count and potentially increasing earnings per share.

What's particularly noteworthy is the company's substantial cash position of $19.8 million, providing ample liquidity to fund the repurchase program without compromising operational flexibility. This healthy cash balance suggests the buyback won't strain the company's financial position.

The daily purchase limit of 25% of average daily trading volume ensures the buyback won't dramatically disrupt normal trading patterns. By appointing Ventum Financial Corp. to facilitate the purchases, DeFi Technologies is implementing a structured approach to capital allocation that balances shareholder returns with maintaining operational resources.

This buyback represents a vote of confidence from management in the company's future prospects while potentially providing price support for the stock. For existing shareholders, the reduction in outstanding shares can enhance ownership value without requiring any action on their part.

TORONTO, Aug. 22, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"),, is pleased to announce its intention to commence a Normal Course Issuer Bid ("NCIB") to buy back common shares of the Company (the "Common Shares") through the facilities of Nasdaq Capital Markets ("Nasdaq"), CBOE Canada Inc. ("Cboe Canada") and/or other Canadian alternative trading platforms. The actual number of Common Shares that may be purchased under the NCIB and the exact timing of such purchases will be determined by the Company.

The Company is undertaking the NCIB because its management believes that, currently, and from time to time, the market price of its Common Shares may not reflect the underlying value of the Company's business and prospects. Management believes that, at such times, the purchase of Common Shares for cancellation would be in the best interests of the Company's shareholders and an appropriate use of its cash on hand. The Company's current cash balance is approximately US$19.8 million.

The NCIB has been approved by the Company's board of directors and accepted by Cboe Canada and will be executed in accordance with the applicable rules and policies of Cboe Canada and any applicable Canadian securities laws. The NCIB shall commence on August 26, 2025 and run through August 26, 2026 or on such earlier date as the NCIB is complete.

Under the terms of the NCIB, the Company may, if considered advisable, purchase its Common Shares in open market transactions through the facilities of Nasdaq, Cboe Canada and/or other Canadian alternative trading platforms not to exceed up to 10% of the public float for the Common Shares as of August 18, 2025 or 31,673,791 Common Shares, purchased in aggregate. The price that the Company will pay for the Common Shares shall be the prevailing market price at the time of purchase and all purchased Common Shares will be cancelled by the Company. In accordance with Cboe Canada rules, daily purchases (other than pursuant to a block purchase exception) under the NCIB cannot exceed 25% of the average daily trading volume on Nasdaq and Cboe Canada as measured from February 18, 2025 to August 18, 2025

The Company has appointed Ventum Financial Corp. to coordinate and facilitate purchases under the NCIB.

About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over seventy-five of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/ 

DeFi Technologies Subsidiaries

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.

About Stillman Digital
Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit https://www.stillmandigital.com

About Reflexivity Research
Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit https://www.reflexivityresearch.com/ 

About Neuronomics AG
Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit https://www.neuronomics.com/ 

Cautionary note regarding forward-looking information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the NCIB; investor interest and demand for Valour's ETP; investor confidence in digital assets generally; arbitrage opportunities by DeFi Alpha; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; fluctuation in digital asset prices; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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SOURCE DeFi Technologies Inc.

FAQ

What is the size of DeFi Technologies' (DEFT) share buyback program?

DeFi Technologies can repurchase up to 31,673,791 common shares, representing 10% of its public float as of August 18, 2025.

When does DeFi Technologies' (DEFT) share buyback program start and end?

The Normal Course Issuer Bid (NCIB) runs from August 26, 2025 to August 26, 2026, unless completed earlier.

How much cash does DeFi Technologies (DEFT) have available for the buyback?

DeFi Technologies currently has a cash balance of US$19.8 million available for the share buyback program.

What are the daily purchase limits for DeFi Technologies' (DEFT) buyback program?

Daily purchases are limited to 25% of the average daily trading volume on Nasdaq and CBOE Canada, as measured from February 18, 2025 to August 18, 2025.

Why is DeFi Technologies (DEFT) implementing a share buyback program?

Management believes the market price of its common shares may not reflect the underlying value of the Company's business and prospects, making share repurchases an appropriate use of cash.