DeFi Technologies to launch normal course issuer bid

DeFi Technologies, a NASDAQ-traded financial technology firm, has announced a normal course issuer bid to repurchase shares, leading to a 3.81% pre-market rise in its stock price.

The company has approximately $19.8 million in cash reserves designated for this buyback program, which will commence on August 26, 2025, and conclude on August 26, 2026.

Shares will be repurchased at the current market price, with all acquired shares set to be canceled, while the company will not buy back more than 10% of its public float of 31.67 million shares.

Recommendation Rating: Strong Buy

DeFi Technologies, a financial technology firm traded under NASDAQ:DEFT, announced its intention to initiate a normal course issuer bid on Friday.

The company's stock experienced a pre-market rise of 3.81%, reaching a price of $2.18.

DeFi Technologies plans to utilize its available cash reserves to repurchase shares of its common stock through various platforms, including Nasdaq Capital Markets, CBOE Canada, and other alternative trading venues in Canada.

As of now, the company holds an approximate cash balance of $19.8 million.

The buyback program is set to launch on August 26, 2025, with an expected conclusion on August 26, 2026. Shares will be repurchased at the current market price, and all acquired shares will be subsequently canceled.

The specific number of shares acquired and the timing of these purchases will be at the company’s discretion.

It’s important to note that DeFi Technologies will not buy back more than 10% of its public float, which was recorded at 31.67 million shares as of August 18.