DeFi Technologies Inc. announced on September 25, 2025 that it has entered into a securities purchase agreement with several institutional investors led by Galaxy Digital (Nasdaq: GLXY) to raise $100 million through a registered direct offering.
Under the agreement, the investors will purchase 45,662,101 shares of common stock and warrants to purchase up to 34,246,577 additional shares. The shares will be sold at a combined purchase price of $2.19 per share, while the warrants will have an exercise price of $2.63 per share, representing a 120% premium to the offering price.
The proceeds from the offering will be used for general corporate purposes, including working capital. The offering is expected to close on September 26, 2025, and the transaction underscores Galaxy Digital’s continued investment activity in the decentralized finance sector.
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