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DeFi Technologies Refiles Q2 2024 and Q3 2024 Interim Financial Statements

TORONTO , April 14, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (CBOE CA: DEFI) (GR: R9B) (OTC:DEFTF), a financial technology company focused on the convergence of traditional capital markets with the world of decentralised finance ("DeFi"), announces that it has filed restated interim financial statements for the period ending June 30 2024 along with the corresponding management discussion & analysis ("Restated Q2 Financials") and restated interim financial statements for the period ending September 30 2024, along with the corresponding management discussion & analysis ("Restated Q3 Financials"). The decision follows a review that amends the accounting treatment of the Company's investments in equity investments in digital assets (the "Equity Investments") to (a) apply a discount for lack of marketability ("DLOM") and (b) adjust the current and non-current classification and (c) adjust the net loss due to the application of the DLOM.

For the Restated Q2 Financials (a) a DLOM was $98,657,552 was applied to the Equity Investments, (b) $122,794,452 of the Equity Investments was reclassified from current assets to non-current assets and (c) net loss increased by $98,657,552 for the three and six months period ended June 30, 2024, respectively, due to the application of the DLOM.

For the Restated Q3 Financials (a) a DLOM was $3,892,283 was applied to the Equity ...