DeFi Technologies to launch normal course issuer bid

[DeFi decentralized finance]
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Financial technology company DeFi Technologies (NASDAQ:DEFT [https://seekingalpha.com/symbol/DEFT]) announced [https://seekingalpha.com/pr/20209023-defi-technologies-announces-launch-of-normal-course-issuer-bid] on Friday an intent to commence a normal course issuer bid.

Shares were +3.81% pre-market to $2.18.

The company plans to buy back shares of common stock with cash on hand through the facilities of Nasdaq Capital Markets, CBOE Canada, and/or other Canadian alternative trading platforms.

The current cash balance is ~$19.8M.

The buyback program will begin on August 26, 2025, and is expected to run through August 26, 2026.

Purchase price shall be the prevailing market price, and all shares repurchased will be canceled.

The actual number of shares purchased and the exact timing of such purchases will be determined by the company.

DeFi Technologies may not purchase any number of shares exceeding 10% of the public float as of August 18, or 31.67M shares, in aggregate.

MORE ON DEFI TECHNOLOGIES INC.

* Financial information for DeFi Technologies Inc. [https://seekingalpha.com/symbol/DEFI:CA/income-statement]