DeFi Technologies Inc. announced a non-brokered private placement of up to 6,250,000 units at a price of CAD 0.16 per unit for the gross proceeds of up to CAD 1,000,000 on November 13, 2023. Each unit will consist of one common share of the company and one common share purchase warrant, entitling the holder to acquire one additional common share of the company at an exercise price of CAD 0.23 for a period of 24 months from issuance. The company intends that units distributed in offshore jurisdictions pursuant to Ontario Securities Commission Rule 72-503 - Distributions Outside Canada will not be subject to a statutory hold period in accordance with applicable Canadian securities laws and any Units distributed otherwise under applicable exemptions will be subject to a statutory hold period of four-months and one day.

All securities issued under the Offering are subject to the approval of the Exchange.