On November 22, 2023, DeFi Technologies Inc. closed the transition. The company issued 11,812,500 units at an issue price of CAD 0.16 for aggregate gross proceeds of CAD 1,890,000. Each Unit consists of one common share of and one Common Share purchase warrant.

Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of CAD 0.23 per Common Share until November 22, 2025. No finder's fees were paid in connection with the Offering. The transaction was oversubscribed.