09:55 AM EDT, 09/25/2025 (MT Newswires) -- DeFi Technologies ( DEFT ) said Thursday that it has signed a securities purchase agreement with several institutional investors, led by Galaxy Digital ( GLXY ) , to sell $100 million worth of securities.

Securities will be sold at a combined purchase price of $2.19 per common share and three-quarters of a warrant, it said.

DeFi ( DEFT ) said the agreement allows the company to sell 45.7 million common shares and warrants to buy up to 34.2 million shares.

Warrants are exercisable immediately upon issuance at $2.63 per share and will expire three years later, the company said.

DeFi ( DEFT ) said it plans to use net proceeds from the registered direct offering for general corporate purposes.

Shares of DeFi ( DEFT ) were down 17% in recent Thursday trading, while Galaxy shares were down more than 5%.

Price: 2.20, Change: -0.42, Percent Change: -15.90