Defi Technologies, INC. 40-F Filing

Ticker: DEFT · Form: 40-F · Filed: Apr 2, 2026 · CIK: 0001888274

Sentiment: neutral

Filing Stats: 4,452 words · 18 min read · ~15 pages · Grade level 18.4 · Accepted 2026-04-02 17:00:41

Key Financial Figures

Filing Documents

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES As of the end of the period covered by this Annual Report, the Registrant carried out an evaluation, under the supervision of the Registrant's Chief Executive Officer and Chief Financial Officer, of the effectiveness of the Registrant's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act). Based upon that evaluation, the Registrant's Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of the period covered by this Annual Report, the Registrant's disclosure controls and procedures were not effective to ensure that information required to be disclosed by the Registrant in reports that it files or submits under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) accumulated and communicated to the Registrant's management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, due to the material weakness in internal control over financial reporting identified below under the heading "Restatement of Previously Issued Condensed Interim Consolidated

Financial Statements due to Change in Valuation and Classification of Equity Investments in Digital Assets, at FVTPL."

Financial Statements due to Change in Valuation and Classification of Equity Investments in Digital Assets, at FVTPL." INTERNAL CONTROL OVER FINANCIAL REPORTING Management's Report on Internal Control Over Financial Reporting Management of the Registrant, under the supervision of the Chief Executive Officer and Chief Financial Officer, is responsible for establishing and maintaining an adequate system of "internal control over financial reporting" as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. Management, including the Chief Executive Officer and the Chief Financial Officer, have assessed the effectiveness of the Registrant's internal control over financial reporting in accordance with Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO"). Based on this assessment, management, including the Chief Executive Officer and the Chief Financial Officer, have determined that the Registrant's internal control over financial reporting was not effective as of December 31, 2025 because of the material weakness identified below under the heading "Restatement of Previously Issued Condensed Interim Consolidated Financial Statements due to Change in Valuation and Classification of Equity Investments in Digital Assets, at FVTPL." Restatement of Previously Issued Condensed Interim Consolidated Financial Statements Due to Change in Valuation and Classification of Equity Investments in Digital Assets, at FVTPL During our audit of the financial statements for the year ended December 31, 2024, we determined that locked tokens held by the Company were incorrectly accou

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