DeFi Technologies (DEFT) faces MCTO after delay in 2025 annual filings
Rhea-AI Filing Summary
DeFi Technologies Inc. reports that the Ontario Securities Commission has granted a management cease trade order because the company has not yet filed its audited annual financial statements, MD&A, and related certifications for the year ended December 31, 2025.
The order restricts the chief executive officer and chief financial officer from trading the company’s securities, including under automatic plans, until the filings are completed, but does not restrict trading by other shareholders. The delay stems from a late SOC 2 Type 2 report from a material third-party counterparty needed for audit procedures. Until the annual filings are submitted, DeFi Technologies will issue bi‑weekly default status updates under National Policy 12‑203.
Positive
- None.
Negative
- Management cease trade order due to delayed 2025 annual filings – The OSC has imposed an MCTO restricting trading by the CEO and CFO until audited statements and related disclosures for the year ended December 31, 2025 are filed, signaling a material compliance delay tied to a key third-party audit input.
Insights
Management cease trade order signals elevated compliance risk for now.
The Ontario Securities Commission has imposed a management cease trade order on DeFi Technologies because audited annual financial statements and related disclosures for the year ended December 31, 2025 are delayed. The restriction applies to the CEO and CFO, while other investors can continue trading.
The company attributes the delay to waiting on a SOC 2 Type 2 report from a key third‑party counterparty, which is needed for audit procedures. Until the filings are made, DeFi must follow National Policy 12‑203, including bi‑weekly default status news releases, highlighting ongoing regulatory scrutiny.
The situation introduces near‑term uncertainty around the timing of the audited results and formal compliance status. Subsequent disclosures, including the eventual filing of the annual statements and confirmation that the MCTO has been lifted, will clarify how quickly the company normalizes its reporting position.
Key Figures
Key Terms
management cease trade order regulatory
SOC 2 Type 2 report technical
National Policy 12-203 regulatory
continuous disclosure defaults regulatory
bi-weekly default status reports regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2026.
Commission File Number 001-41056
DEFI TECHNOLOGIES INC.
(Translation of registrant's name into English)
Suite 2400, 333 Bay Street, Toronto, Ontario, Canada M5H 2T6
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| ☐ | Form 20-F ☒ Form 40-F |
EXHIBIT INDEX
| Exhibit Number | Description | |
| 99.1 | New Release dated April 1, 2026 - DeFi Technologies Inc. Announces Receipt of MCTO |
| DEFI TECHNOLOGIES INC. | ||
| (Registrant) | ||
| Date: April 1, 2026 | By | /s/ Kenny Choi |
| Kenny Choi Corporate Secretary |
EXHIBIT 99.1
DeFi Technologies Inc. Announces Receipt of MCTO
TORONTO, April 1, 2026 /CNW/ - 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"), today announced that further to its news release dated March 23, 2026, and March 31, 2026, regarding the Company's application to the Ontario Securities Commission ("OSC") for a management cease trade order ("MCTO") to be imposed in respect of its delay in filing its audited annual financial statements, management's discussion and analysis, and related certifications, all for the year ended December 31, 2025 (collectively, the "Annual Filings"), the OSC has today granted the MCTO.
The MCTO does not affect the ability of shareholders who are not employees or insiders of the Company to trade their securities of the Company. The MCTO prohibits the chief executive officer and the chief financial officer of the Company from trading in securities of the Company for so long as the Annual Filings are not filed, including the disposition or acquisition of securities of the Company under any automatic plan. Additionally, for so long as the Annual Filings are not filed, the Company will not, directly or indirectly, issue securities or acquire securities from an insider or employee of the Company except in accordance with legally binding obligations to do so existing as of March 23, 2026.
Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in under National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults, including issuing bi-weekly default status reports by way of news releases, which will be filed on SEDAR+.
The Company confirms that, other than as disclosed in prior press releases, including with respect to the application for the MCTO on March 23, 2026, and material change reports, there have been no material business developments since the filing on November 14, 2025, of the Company's latest interim financial reports for the period ended September 30, 2025.
The Company's failure to file the Annual Filings relates solely to the delay in receiving a SOC 2 Type 2 report from a material third-party counterparty that is relevant to the Company's audit procedures. The Company remains in constant communications with the third-party counterpart as it relates to such third-party counterpart's progress towards receipt of its SOC 2 Type 2 report.
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 one hundred of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and liquidity; Reflexivity Research, which provides leading research into the digital asset space; 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/.
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 the timing of filing of the Company's Annual Filings, and the Company's compliance with the MCTO and NP 12-203. Forward-looking information is based on the then current expectations, beliefs, assumptions, estimates, and forecasts about the Company and the industry and markets in which it operates. 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 are not limited to the timely receipt of such third-party counterpart's receipt of its SOC 2 Type 2 report; the timely filing of the Company's Annual Filings; and the Company complying with the MCTO and NP 12-203. 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.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2026/01/c1174.html
%CIK: 0001888274
For further information: For further information, please contact: Johan Wattenstrom, Chief Executive Officer, ir@defi.tech, (323) 537-7681
CO: DeFi Technologies Inc.
CNW 18:07e 01-APR-26