DeFi Technologies Inc. (NEOE:DEFI) signed letter of intent to acquire Reflexivity Research LLC for CAD 3.7 million on January 9, 2024. DeFi Technologies Inc. (NEOE:DEFI) entered into an agreement to acquire Reflexivity Research LLC on January 30, 2024. As per the terms DeFi Technologies will acquire all issued and outstanding securities of Reflexivity Research for 5 million common shares of DeFi. The shares will be subject to a lock-up schedule of 12 months, with the shares being released in equal tranches every three months. The transaction is expected to enter in Definitive Agreement by January 31, 2024.

DeFi Technologies Inc. (NEOE:DEFI) completed the acquisition of Reflexivity Research LLC on February 7, 2024.