DEFI TECHNOLOGIES INC. ANNOUNCES 2024 AGM VOTING RESULTS

TORONTO, June 25, 2024 /CNW/ – DeFi Technologies Inc. (the “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 results of the vote of the Annual and Special Meeting of Shareholders in accordance with the policies of the Cboe Canada Stock Exchange.

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

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

Shareholders voted 95.05% in favor 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. The shareholders present at the meeting also approved the Company’s deferred share unit plan (the “UAD plan“), with 93.82% for and 6.18% against.

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

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

About DeFi technologies

DeFi Technologies Inc. (CBOE CA: CHALLENGE) (GR: R9B) (OTC: DEFTF) is a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (DeFi). Focusing specifically on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Supported by an esteemed team of 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/

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 as it relates to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which 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. These 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 sector; rules and regulations regarding decentralized finance and cryptocurrency; general uncertainties related to business, economics, competition, politics and society. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be those contained in forward-looking information. anticipated, estimated or hoped for. 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. Therefore, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update any forward-looking information except in accordance with applicable securities laws.

SOURCE DeFi Technologies Inc.

For any further information, please contact: Olivier Roussy Newton, Managing Director, [email protected](323) 537-7681

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