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DeFi Technologies ( (TSE:DEFI) ) has provided an update.
DeFi Technologies has announced its approval to list on the Nasdaq Capital Market, with trading set to begin under the symbol ‘DEFT’ on May 12, 2025. This transition from the OTC Markets to Nasdaq is a strategic move to enhance visibility, improve liquidity, and broaden access for institutional and retail investors, reflecting the company’s strong business fundamentals. The listing does not involve raising new capital, as DeFi Technologies maintains a robust financial position. The company plans to reconstitute its board committees to align with Nasdaq requirements following its upcoming annual meeting.
Spark’s Take on TSE:DEFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEFI is a Neutral.
DeFi Technologies exhibits strong revenue growth and strategic expansions, but faces challenges with profitability, negative cash flow, and valuation issues. Positive sentiment from the earnings call and strategic initiatives are encouraging, yet regulatory hurdles and market dependency remain key risks.
To see Spark’s full report on TSE:DEFI stock, click here.
More about DeFi Technologies
DeFi Technologies Inc. is a financial technology company that focuses on merging traditional capital markets with decentralized finance (DeFi). The company is committed to providing investor access to Web3 technologies and the future of finance, supported by a team with extensive experience in financial markets and digital assets.
Average Trading Volume: 455,238
Technical Sentiment Signal: Buy
Current Market Cap: C$51.06M
For a thorough assessment of DEFI stock, go to TipRanks’ Stock Analysis page.