DeFi Technologies Actively Addresses Share Structure Issues

DeFi Technologies Takes Action on Share Ownership Discrepancies

DeFi Technologies Inc. (the "Company" or "DeFi Technologies") has recently launched an essential initiative to enhance transparency and accountability concerning its common shares. By collaborating with Shareholder Intelligence Services, LLC and Urvin Consulting LLC, the company seeks to improve shareholder intelligence, a priority that is crucial in today's economic climate.

Monitoring Market Activities

To serve the best interests of its shareholders, DeFi Technologies is actively monitoring both market and non-market activities connected to its common shares. This careful observation extends to the various marketplaces where these shares are listed and includes the engagement of financial institutions whose clients are involved in trading or holding these shares.

Identifying Imbalances in Share Reporting

Preliminary investigations have revealed significant discrepancies between the number of shares reported for beneficial owners by proxy servicing firms and those recorded at major depositories, such as the Depository Trust Company and the Canadian Depository for Securities. Though minor inconsistencies can occur, the company has noticed that these differences are disproportionately high and persistent, meriting a more thorough examination.

Next Steps in Reconciliation

In light of these findings, DeFi Technologies has reached out to involved entities to request thorough reconciliations and explanations addressing these discrepancies. Should the responses be unsatisfactory, the company is ready to escalate the matter accordingly.

Commitment to Shareholder Integrity

CEO Olivier Roussy Newton expresses the company's dedication to safeguarding the integrity of trading concerning the Company's common shares across all platforms. The findings from this investigation underscore why the company engaged ShareIntel and Urvin in the first place; they are essential allies in detecting and addressing any irregularities that could impact investors.

Future Initiatives for Transparency

DeFi Technologies understands the vital importance of monitoring trading and settlement data as a key aspect of protecting shareholder interests. The firm will collaborate closely with ShareIntel and Urvin to delve further into these imbalances while simultaneously engaging with market participants to guarantee transparency in all reporting.

About DeFi Technologies

DeFi Technologies Inc. (NASDAQ: DEFT) operates as a pioneer in financial technology by bridging traditional capital markets and decentralized finance ("DeFi"). The company provides a unique opportunity for equity investors, giving them diversified access to an array of innovative digital assets. DeFi Technologies comprises several notable ventures, including Valour, a platform offering access to a wide selection of digital assets via regulated ETPs; Stillman Digital, a prime brokerage targeting advanced execution and custody services; and Reflexivity Research, which provides comprehensive research on the digital asset landscape.

Engagement with Market Participants

The company remains committed to forging pathways between traditional and decentralized finance, utilizing its extensive expertise in capital markets and emerging technologies. DeFi Technologies is focused on being the institutional gateway to the future of finance by continuously innovating and adapting to the evolving financial landscape.

Contact Information

For institutional investors, funds, or family offices seeking collaboration or inquiries, please reach out to: ir@defi.tech.

Frequently Asked Questions

What action is DeFi Technologies taking regarding share discrepancies?

They are actively monitoring and investigating these discrepancies to enhance transparency and protect shareholder interests.

Who is DeFi Technologies collaborating with?

The company is partnering with Shareholder Intelligence Services and Urvin Consulting to improve shareholder intelligence.

What markets are involved in DeFi Technologies' share activities?

DeFi Technologies monitors various marketplaces where its common shares are listed, including notable financial institutions.

What are the findings concerning discrepancies?

Preliminary findings show notable imbalances between the reported shares by proxy services and those in depositories, leading to further investigation.

How does DeFi Technologies ensure shareholder integrity?

They have engaged in thorough monitoring and are prepared to escalate issues if satisfactory explanations for discrepancies aren’t provided.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

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