DeFi Technologies Files Form 40-F with the SEC in Anticipation of Nasdaq Listing

Rhea-AI Summary

DeFi Technologies Inc. has filed a Form 40-F Registration Statement with the SEC, marking a significant step toward listing its common shares on The Nasdaq Stock Market. This move aims to enhance investor access to decentralized finance technologies. The listing is contingent upon Nasdaq's approval and meeting regulatory requirements, including the effectiveness of the Form 40-F. The company is focused on bridging traditional capital markets with decentralized finance, seeking to provide diversified exposure across the DeFi ecosystem.

Positive

• Filed Form 40-F with SEC, advancing the process for Nasdaq listing.
• Enhances investor access to decentralized finance technologies.
• Focuses on bridging traditional capital markets and decentralized finance.

Negative

• None.

TORONTO, Nov. 10, 2021 /PRNewswire/ -  DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, is pleased to announce that it filed today a Form 40-F Registration Statement ("Form 40-F") with the United States Securities and Exchange Commission (the "SEC"), fulfilling a significant milestone in the process for the Company to list its common shares on The Nasdaq Stock Market LLC (the "Nasdaq"). The listing of the Company's common shares on the Nasdaq remains subject to the approval of the Nasdaq and the satisfaction of all applicable listing and regulatory requirements, including the Form 40-F being declared effective by the SEC.

Learn more about DeFi Technologies at defi.tech

About DeFi Technologies
DeFi Technologies Inc. is a technology company bridging the gap between traditional capital markets and decentralised finance. Our mission is to expand investor access to industry-leading decentralised technologies which we believe lie at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies and ventures in order to provide trusted, diversified exposure across the decentralized finance ecosystem. For more information or to subscribe to receive company updates and financial information, visit https://defi.tech/.

Cautionary note regarding forward-looking information: 

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the listing of the Company's common shares on the Nasdaq, statements with respect to listing of ETPs by Valour; the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to investor demand for DeFi Technologies' and Valour's products; the growth and development of DeFi and cryptocurrency sector; rules and regulations with respect to DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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SOURCE DeFi Technologies, Inc.

FAQ

What is the significance of DeFi Technologies filing Form 40-F?

The filing of Form 40-F is a crucial step for DeFi Technologies to potentially list its common shares on Nasdaq, enhancing its market visibility.

When did DeFi Technologies file with the SEC?

DeFi Technologies filed the Form 40-F on November 10, 2021.

What are the next steps for DeFi Technologies after filing the Form 40-F?

The next steps include waiting for Nasdaq's approval and satisfying all applicable listing and regulatory requirements.

What is the stock symbol for DeFi Technologies?

The stock symbol for DeFi Technologies is DEFTF.

What does the Form 40-F entail for DeFi Technologies?

The Form 40-F is a registration statement that must be declared effective by the SEC before the company can proceed with its listing on Nasdaq.