DeFi Technologies Inc. Announces Receipt of MCTO

TORONTO, April 1, 2026 /CNW/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), today announced that further to its news release dated March 23, 2026, and March 31, 2026, regarding the Company's application to the Ontario Securities Commission ("OSC") for a management cease trade order ("MCTO") to be imposed in respect of its delay in filing its audited annual financial statements, management's discussion and analysis, and related certifications, all for the year ended December 31, 2025 (collectively, the "Annual Filings"), the OSC has today granted the MCTO.

The MCTO does not affect the ability of shareholders who are not employees or insiders of the Company to trade their securities of the Company. The MCTO prohibits the chief executive officer and the chief financial officer of the Company from trading in securities of the Company for so long as the Annual Filings are not filed, including the disposition or acquisition of securities of the Company under any automatic plan. Additionally, for so long as the Annual Filings are not filed, the Company will not, directly or indirectly, issue securities or acquire securities from an insider or employee of the Company except in accordance with legally binding obligations to do so existing as of March 23, 2026.

Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in under National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults, including issuing bi-weekly default status reports by way of news releases, which will be filed on SEDAR+.

The Company confirms that, other than as disclosed in prior press releases, including with respect to the application for the MCTO on March 23, 2026, and material change reports, there have been no material business developments since the filing on November 14, 2025, of the Company's latest interim financial reports for the period ended September 30, 2025.

The Company's failure to file the Annual Filings relates solely to the delay in receiving a SOC 2 Type 2 report from a material third-party counterparty that is relevant to the Company's audit procedures. The Company remains in constant communications with the third-party counterpart as it relates to such third-party counterpart's progress towards receipt of its SOC 2 Type 2 report.