DeFi Technologies Inc. (NASDAQ: DEFT) announced that the Ontario Securities Commission granted a management cease trade order following the company's failure to file its annual financial statements for the year ended December 31, 2025.

The cease trade order prohibits the chief executive officer and chief financial officer from trading company securities until the required filings are completed. The order does not affect the ability of shareholders who are not employees or insiders to trade their securities.

The company stated its filing delay relates to awaiting a SOC 2 Type 2 report from a material third-party counterparty that is relevant to audit procedures. DeFi Technologies said it remains in communication with the third party regarding progress toward obtaining the report.

Under the order, the company cannot issue securities or acquire securities from insiders or employees, except for legally binding obligations existing as of March 23, 2026. The company will comply with alternative information guidelines, including issuing bi-weekly default status reports.

DeFi Technologies confirmed no material business developments have occurred since filing interim financial reports for the period ended September 30, 2025, on November 14, 2025, other than previously disclosed matters including the cease trade order application.

The financial technology company operates through several subsidiaries including Valour, which offers digital asset exchange traded products, Stillman Digital for institutional trading, and Reflexivity Research for digital asset research. DeFi Technologies trades on NASDAQ under the symbol DEFT and on CBOE Canada as DEFI.