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.