DEFI TECHNOLOGIES INC. ANNOUNCES 2024 GENERAL MEETING VOTE RESULTS

TORONTO, June 25, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “DeFi Technologies”)Business” Or “DeFi Technologies“) (Cboe CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company pioneering the convergence of traditional capital markets with the world of decentralized finance, is pleased to provide the voting results of the annual and special meeting of shareholders in accordance with the policies of the Cboe Canada Exchange.

DeFi Technologies Inc. logo (CNW Group/DeFi Technologies Inc.)

The Company announces that the candidates listed in the management proxy circular dated May 14, 2024 (the “Proxy Circular”)Circular“) for the Company’s 2024 annual and special meeting of shareholders (the “Meeting“) were elected as directors of the Company. The shareholders present at the Meeting also approved the appointment of the Company’s auditors.

The detailed results of the vote for the election of directors held at the meeting on June 25, 2024 in Toronto, Ontario are presented below.

Election of directors

The shareholders approved the election as directors of the persons listed below, based on the following vote.

Shareholders voted 95.05% in favour of approving the appointment of the Company’s auditors, with 4.95% of shareholders abstaining from voting on the appointment of the auditors.

The shareholders present at the Meeting also approved the Company’s stock option plan (the “Stock Option Plan“), with 93.84% in favor and 6.16% against. Shareholders present at the meeting also approved the company’s deferred share unit plan (the “DSU Plan“), with 93.82% for and 6.18% against.

In total, 71,685,470 common shares were voted at the meeting, representing approximately 24.64% of the Company’s issued and outstanding common shares.

The Board of Directors of the Company wishes to express its gratitude to its shareholders for their participation and support.

About DeFi Technologies

DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFAULT) is a financial technology company that is at the forefront of the convergence of traditional financial markets with the world of decentralized finance (DeFi). By focusing on cutting-edge Web3 technologies, DeFi Technologies aims to provide investors with widespread access to the future of finance. Backed by a team of esteemed experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join the DeFi Technologies digital community on Linkedin And Twitterand for more details visit https://defi.tech/

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Caution regarding forward-looking information:

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the development and listing of future ETPs; the regulatory environment regarding the growth and adoption of decentralized finance; the Company’s and its subsidiaries’ pursuit of business opportunities; and the potential merits or returns of such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to, the acceptance of ETPs by exchanges; the growth and development of the decentralized finance and cryptocurrency industry; the rules and regulations relating to decentralized finance and cryptocurrencies; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to differ from those anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking information, except in accordance with applicable securities laws.

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SOURCE DeFi Technologies Inc.

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