DeFi Technologies Inc. (the "Company" or "DeFi Technologies"), a financial technology company bridging the gap between traditional capital markets and decentralized finance  ("DeFi"), announced a key update on its ongoing shareholder intelligence and market transparency initiative launched in June 2025 in collaboration with Shareholder Intelligence Services, LLC ("ShareIntel") and Urvin Consulting LLC ("Urvin").

As part of this initiative, DeFi Technologies has been closely monitoring both market and non-market activity related to its common shares across the various marketplaces where they are listed, as well as among financial institutions whose clients hold or trade common shares of the Company.

Preliminary findings have identified notable imbalances between the number of shares reported for beneficial owners by proxy servicing firms and the number of shares recorded at the relevant depositories, including the Depository Trust Company (DTC) and the Canadian Depository for Securities (CDS). While minor discrepancies can occur during normal operations, the Company has observed disproportionate and persistent differences over selected periods that warrant further investigation.

DeFi Technologies has contacted the parties involved to request reconciliations and explanations for these discrepancies. If satisfactory resolutions are not provided, the Company is prepared to escalate the matter.

"As fiduciaries for our shareholders, we are obligated to safeguard the integrity of the trading of the Company's common shares across all trading venues," said Olivier Roussy Newton, CEO of DeFi Technologies. "These findings underscore why we engaged ShareIntel and Urvin—to detect, investigate, and address potential irregularities that may impact our investors. We will pursue answers and, if necessary, escalate the matter."

The Company views vigilance in monitoring trading and settlement data as a critical component of shareholder protection. DeFi Technologies will continue to work with ShareIntel and Urvin to investigate such imbalances and engage directly with market participants to ensure transparency in reporting.