DeFi Technologies Inc. (NASDAQ: DEFT) announced it may experience a delay in filing its annual financial statements and related documents for the year ended December 31, 2025, due to the potential timing of receiving a SOC 2 Type 2 report from a material third-party counterparty.

The company stated that as of March 23, 2026, it has not determined whether the report will be received in time to support completion of the audit process by the filing deadline of March 31, 2026. If the report is received by the deadline, the company expects to complete its audit procedures and file the annual documents on time.

Should the report not arrive by March 31, management plans to undertake additional audit procedures, which may involve substantial incremental costs, to complete the audit and file the documents as promptly as possible.

The company emphasized that the potential delay does not relate to any disagreement with its auditors, issues with the financial statements, or identified weaknesses in internal controls over financial reporting. The audit process is otherwise expected to be completed on schedule.

DeFi Technologies has applied to the Ontario Securities Commission for approval of a temporary management cease trade order under National Policy 12-203. If granted, the order would prohibit trading in company securities by certain insiders but would not restrict trading by other parties.

The company confirmed that, aside from prior disclosures, there have been no material business developments since filing its interim financial reports for the period ended September 30, 2025, on November 14, 2025.

DeFi Technologies operates as a financial technology company bridging traditional capital markets and decentralized finance, with subsidiaries including Valour, Stillman Digital, Reflexivity Research, and DeFi Alpha.