DEFI TECHNOLOGIES INC - DEFTF STOCK NEWS

On June 1, 2022, DeFi Technologies Inc. officially changed its name to Valour Inc., commencing trading under the new name on the same day. The company's shares retain the same ticker symbol 'DEFTF' on both the NEO Exchange and OTCQB Market, and no share consolidation has occurred, meaning no action is required from shareholders. Valour Inc. aims to bridge traditional capital markets with decentralized finance, focusing on innovation and investor access in the DeFi ecosystem. The name change does not impact shareholder rights or share structure.

DeFi Technologies Inc. (OTC: DEFTF) announced a shareholder call on May 25, 2022, at 4:15 p.m. EST, to discuss its financial performance for the three-month period ending March 31, 2022. The call will be led by Executive Chairman & CEO Russell Starr. This event aims to provide insights into the company's operations and growth within the decentralized finance sector. Investors interested in the company's updates and financial information can register for the webcast.

On May 9, 2022, DeFi Technologies (OTCQB: DEFTF) announced the results of its Annual General and Special Meeting held on May 6, 2022. Shareholders elected directors with high approval rates: Tito Gandhi (99.555%), William C. Steers (99.547%), and Krisztian Toth (99.616%). Additionally, 99.732% approved the appointment of RSM Canada LLP as auditors. A significant decision was made to change the company's name to 'Valour Inc.', pending regulatory approval. Only 14.97% of shares were represented at the meeting, indicating limited shareholder engagement.

DeFi Technologies announced its subsidiary Valour has partnered with SEBA Bank and MVIS to launch the SEBA VALOUR Metaverse Index (SVMETA) on May 9, 2022. The index focuses on tokens related to gaming, entertainment, and social interactions in the Metaverse, providing a rules-based, investable option for investors. Valour currently offers 27 unique exchange-traded products (ETPs), including zero-fee options for Bitcoin and Ethereum. This launch aligns with DeFi's mission to integrate decentralized finance into traditional markets, expanding investor access to digital assets.

DeFi Technologies Inc. (OTCQB: DEFTF) has officially commenced trading on the OTCQB Venture Market in the U.S., enhancing its visibility among U.S. investors. This transition allows for better access to decentralized finance (DeFi) investments and electronic settlement via the Depository Trust Company (DTC). The shares will continue to trade on the NEO Exchange in Canada and the Frankfurt Exchange. CEO Russell Starr emphasized that this move is part of a broader strategy to strengthen their presence in the U.S. market, aiming to increase liquidity and investor awareness of leading Web 3.0 protocols.

DeFi Technologies Inc. announced that its subsidiary, Valour Inc., has been approved for Swiss VQF membership, becoming the first ETP issuer to join this self-regulatory organization. This membership ensures compliance with Swiss anti-money laundering laws, enhancing Valour's reputation as a digital asset issuer. It allows Valour to offer digital assets directly to businesses and institutions, bolstering its market presence. The membership was awarded by the Financial Market Supervisory Authority (FINMA), further validating Valour's commitment to transparency and utility for investors.

DeFi Technologies Inc. announced on April 8, 2022, the extension of its Normal Course Issuer Bid (NCIB) to repurchase common shares until April 7, 2023. Initially launched on April 13, 2021, the NCIB allows the company to buy back up to 10% of its public float, totaling approximately 20.36 million shares. Management believes this repurchase program is in the best interest of shareholders, as current market prices may undervalue the company's business. The company has already repurchased over 11 million shares since the NCIB's inception.

DeFi Technologies Inc. announced the launch of its Valour Cardano (ADA), Polkadot (DOT), and Solana (SOL) exchange-traded products (ETPs) on Euronext Paris and Amsterdam as of April 6, 2022. This initiative provides retail and institutional investors a secure method to invest in these digital assets without needing a crypto wallet. CEO Tommy Fransson emphasized the accessibility and low fees associated with these ETPs, which aim to cater to a growing interest in digital assets across Europe.

DeFi Technologies participated in a $45 million Series A funding round for Boba Network, valuing it at US$1.5 billion. This investment aims to enhance Ethereum's capabilities through Boba's Hybrid Compute platform and Optimistic Rollup technology, which promises faster transactions at lower fees. Notable co-investors include Crypto.com and M13. The funding will support ecosystem development, enabling innovative decentralized applications (dApps) and improving NFT liquidity.