DeFi Technologies to commence Normal Course Issuer Bid to buy back shares.

DeFi Technologies Inc. intends to commence a Normal Course Issuer Bid to buy back common shares through Nasdaq, Cboe Canada, and/or other Canadian alternative trading platforms. The actual number and timing of purchases will be determined by the company. Management believes the market price may not reflect the company's underlying value and prospects, and buying back shares could increase shareholder value.

DeFi Technologies Inc. (DEFT), a financial technology company, has announced a Normal Course Issuer Bid (NCIB) to repurchase its common shares through Nasdaq Capital Markets, CBOE Canada, and other Canadian trading platforms. The company plans to buy back up to 31,673,791 common shares, representing 10% of its public float as of August 18, 2025 [1].

The NCIB will run from August 26, 2025, to August 26, 2026, with daily purchases limited to 25% of the average daily trading volume. The company currently holds $19.8 million in cash, which it will use to fund the repurchase program without straining its financial position [1].

DeFi Technologies believes that the market price of its shares may not fully reflect its underlying value and prospects. By repurchasing shares, the company aims to increase shareholder value and potentially support the stock price. Ventum Financial Corp. has been appointed to facilitate the buyback program [1].

The buyback program is expected to reduce the total share count, potentially increasing earnings per share. The daily purchase limit of 25% of average daily trading volume ensures that the buyback will not disrupt normal trading patterns [1].

This strategic move signals management's confidence in the company's future prospects and demonstrates a structured approach to capital allocation. For existing shareholders, the reduction in outstanding shares can enhance ownership value without requiring any action on their part [1].

References:
[1] https://www.stocktitan.net/news/DEFTF/de-fi-technologies-announces-launch-of-normal-course-issuer-bid-c6ae0cjacn9k.html