TORONTO, Sept. 8, 2025 - DeFi Technologies Inc., a financial technology company, has initiated a Normal Course Issuer Bid (NCIB) to repurchase up to 10% of its public float, amounting to 31,673,791 shares. The buyback commenced on August 26, 2025, and is expected to continue until August 26, 2026, or earlier if completed. The company cited undervaluation as the reason for the buyback and reported approximately US$19.8 million in cash at the announcement. In the first week, 80,000 shares were purchased. The buyback is being coordinated by Ventum Financial Corp. and involves open-market purchases on Nasdaq, Cboe Canada, and other Canadian ATSs.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DeFi Technologies Inc. published the original content used to generate this news brief via CNW (Ref. ID: C4461) on September 08, 2025, and is solely responsible for the information contained therein.