Toronto, Ontario–(Newsfile Corp. – May 7, 2026) – Prophecy DeFi Inc. (CSE: PDFI) (“Prophecy DeFi” or the “Company“) announces that the Ontario Securities Commission (the “OSC“) has issued a failure to file cease trade order against the Company which orders that general trading, whether direct or indirect, of the securities of the Company cease under Multilateral Instrument 11-103 – Failure-to-File Cease Trade Orders in Multiple Jurisdictions (the “CTO“). A copy of the CTO has been posted to the OSC website.
The CTO was issued as a result of the Company’s failure to file its audited consolidated financial statements for the year ended December 31, 2025, annual management’s discussion and analysis for the same period and management certifications of annual filings (collectively, the “Required Filings“) before the April 30, 2026, filing deadline. The failure to file the Required Filings by the filing deadline was mainly due to the complexities of the recent conversion of debentures which required extra time for the auditors.
The Company continues to work diligently to complete the filing of the Required Filings and does not expect an interruption of the operations of the Company during the CTO. The Company anticipates that it will complete the Required Filings on or before May 15, 2026. Revocation of the CTO is expected to occur within a few days after the Required Filings are made.
About Prophecy DeFi
Prophecy DeFi Inc. (PDFI) is a publicly traded investment company whose primary objective is to invest its funds for the purpose of generating returns from capital appreciation and income. It plans to accomplish these goals by bringing together technology start-ups in the Blockchain and Decentralized Finance sectors to fund innovation, elevate industry research, and create new business opportunities in a coherent ecosystem.
www.prophecydefi.com
For further information, please contact:
Jon Cohen, CFO
Tel: (416) 764-0314
Email: joncohen756@gmail.com
Forward-Looking Information
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
