DeFi Technologies completes $100 million share offering led by Galaxy Digital

DeFi Technologies Inc. (NASDAQ: DEFT) closed a $100 million registered direct offering on September 26, with institutional investors led by Galaxy Digital (NASDAQ: GLXY) as the cornerstone investor.

The offering involved the sale of 45,662,101 common shares and warrants to purchase up to 34,246,577 additional shares at a combined price of $2.19 per share and three-quarters of a warrant. Each warrant carries an exercise price of $2.63 per share, representing a 20% premium to the offering price, and expires three years from issuance with immediate exercisability.

The Toronto-based financial technology company plans to use the proceeds to expand its exchange traded product offerings, pursue digital asset trading, lending and staking transactions, fund potential acquisitions, and support recently announced business initiatives aligned with its growth strategy.

Joseph Gunnar & Co., LLC served as the exclusive placement agent for the transaction. The offering was conducted under the company's short form base shelf prospectus dated August 29, 2025, filed with Canadian securities authorities and the corresponding Form F-10 registration statement filed with the U.S. Securities and Exchange Commission.

DeFi Technologies operates as a bridge between traditional capital markets and decentralized finance through several subsidiaries including Valour, which offers digital asset exposure through regulated exchange traded products, and Stillman Digital, a digital asset prime brokerage focused on institutional services.

You May Also Be Interested In

• TG Therapeutics starts Phase 2 trial of Briumvi for schizophrenia
• TransMedics invests in German aviation firm to expand Europe organ transport
• ParaZero receives $1M+ purchase order from U.S. customer