DeFi Technologies Receives Approval to List on Nasdaq
- DeFi Technologies (DEFT) receives approval to list on Nasdaq, commencing trading on May 12, 2025.
- The company maintains a strong financial position with C$61.9M (US$44.7M) in cash and digital assets.
- No capital raising involved with the Nasdaq listing; OTC Markets quotation will cease.
DeFi Technologies Inc., a leader in bridging traditional finance and decentralized technologies, is set to list its common shares on the Nasdaq Capital Market under the symbol “DEFT”. Trading is scheduled to begin on May 12, 2025. The move marks a significant milestone for the company, promising enhanced visibility and liquidity.
The company will maintain its existing listings on CBOE Canada (CBOE CA:DEFI) and Börse Frankfurt (GR: R9B), while discontinuing its OTC Markets (OTC: DEFTF) quotation. Importantly, the Nasdaq listing does not involve any capital raising activities, reflecting DeFi Technologies’ robust financial position with C$61.9 million (US$44.7 million) in cash, USDT, and digital asset treasury holdings as of April 30, 2025.
To facilitate the listing, DeFi Technologies has filed a Form 40-F Registration Statement, which has been declared effective by the United States Securities and Exchange Commission (SEC). The company has also outlined its board committee structures, opting to follow Canadian securities laws over some Nasdaq rules, specifically regarding director nominations and committee compositions.
In an effort to ensure compliance with Nasdaq requirements, DeFi Technologies plans to reconstitute its board committees following its Annual and Special Meeting of Shareholders, slated for June 30, 2025. This transition underscores the company’s commitment to aligning its governance with international standards while maintaining its strong foothold in the evolving financial ecosystem.