Board Change • Jun 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Andy Dayes was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 13
Prophecy DeFi Inc. announced that it has received CAD 0.6 million in funding On February 12, 2026. Prophecy DeFi Inc. announced that it has closed the transaction. In connection with the Private Placement, the Company paid a cash commission of CAD 15,041.60 and issued 125,346 finder’s warrants to certain finders. Announcement • Feb 03
Prophecy DeFi Inc. announced that it expects to receive CAD 0.6 million in funding Prophecy DeFi Inc. announced a non-brokered private placement financing to issue 5,000,000 units at a price of CAD 0.12 per Unit for gross proceeds of CAD 600,000 on February 2, 2026. Each Unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one additional common share at a price of CAD 0.20 for a period of five years from the closing date. A finder's fee may apply to a portion of the proceeds raised under the Private Placement. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals. All securities issued pursuant to the Private Placement will be subject to a four month hold period from the date of issue. New Risk • Jan 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 268% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (54% average weekly change). Negative equity (-CA$6.1m). Shareholders have been substantially diluted in the past year (268% increase in shares outstanding). Revenue is less than US$1m (CA$534k revenue, or US$385k). Market cap is less than US$10m (CA$1.57m market cap, or US$1.13m). Announcement • Jan 17
Prophecy DeFi Inc. announced that it has received CAD 0.35 million in funding On January 16, 2026, Prophecy DeFi Inc. closed the transaction. The company issued 7,000,000 units at a price of CAD 0.05 for gross proceeds of CAD 350,000. Each Unit consists of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one additional common share at a price of CAD 0.10 for a period of five years from the closing date. All securities issued pursuant to the Private Placement are subject to a four month hold period from the date of issue. Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Andy Dayes was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 25
Prophecy DeFi Inc. announced that it expects to receive CAD 0.35 million in funding Prophecy DeFi Inc. announced a non-brokered private placement to issue 7,000,000 units at an issue price of CAD 0.05 for gross proceeds of CAD 350,000 on December 24, 2025. Each unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one additional common share at a price of CAD 0.10 for a period of five years from the closing date. A finder's fee may apply to a portion of the proceeds raised under the private placement. Closing of the offering is subject to receipt of all necessary corporate and regulatory approvals. All securities issued pursuant to the private placement will be subject to a four month hold period from the date of issue. Announcement • Jul 10
Prophecy DeFi Inc., Annual General Meeting, Sep 02, 2025 Prophecy DeFi Inc., Annual General Meeting, Sep 02, 2025. Reported Earnings • Nov 29
Third quarter 2024 earnings released: CA$0.005 loss per share (vs CA$0.007 loss in 3Q 2023) Third quarter 2024 results: CA$0.005 loss per share (improved from CA$0.007 loss in 3Q 2023). Net loss: CA$668.2k (loss narrowed 30% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2024 earnings released: CA$0.012 loss per share (vs CA$0.004 loss in 2Q 2023) Second quarter 2024 results: CA$0.012 loss per share (further deteriorated from CA$0.004 loss in 2Q 2023). Net loss: CA$1.62m (loss widened 197% from 2Q 2023). Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: CA$0.001 (vs CA$0.01 loss in 1Q 2023) First quarter 2024 results: EPS: CA$0.001 (up from CA$0.01 loss in 1Q 2023). Net income: CA$117.0k (up CA$1.49m from 1Q 2023). Reported Earnings • May 01
Full year 2023 earnings released: CA$0.013 loss per share (vs CA$0.22 loss in FY 2022) Full year 2023 results: CA$0.013 loss per share (improved from CA$0.22 loss in FY 2022). Net loss: CA$1.70m (loss narrowed 94% from FY 2022). Reported Earnings • Nov 29
Third quarter 2023 earnings released: CA$0.007 loss per share (vs CA$0.009 loss in 3Q 2022) Third quarter 2023 results: CA$0.007 loss per share (improved from CA$0.009 loss in 3Q 2022). Net loss: CA$950.4k (loss narrowed 22% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 14 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 02
Second quarter 2023 earnings released: CA$0.004 loss per share (vs CA$0.018 loss in 2Q 2022) Second quarter 2023 results: CA$0.004 loss per share (improved from CA$0.018 loss in 2Q 2022). Net loss: CA$547.3k (loss narrowed 77% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Announcement • Jun 17
Prophecy DeFi Inc., Annual General Meeting, Aug 17, 2023 Prophecy DeFi Inc., Annual General Meeting, Aug 17, 2023. Reported Earnings • May 07
Full year 2022 earnings released: CA$0.22 loss per share (vs CA$0.071 loss in FY 2021) Full year 2022 results: CA$0.22 loss per share (further deteriorated from CA$0.071 loss in FY 2021). Net loss: CA$29.1m (loss widened 388% from FY 2021). Announcement • Dec 14
Prophecy DeFi Inc. Announces Board Changes Prophecy DeFi Inc. announced that it has appointed Mr. Andy Dayes to the company's Board of Directors, effective immediately. Mr. Dayes has 30 years' experience in the financial services industry as an entrepreneur, a company principal, and a senior executive working with large financial institutions such as Wells Fargo and entrepreneurial firms such as Next Edge Capital and Efficient Capital in the institutional capital-raising space. The Company also announced the resignation of Charlie Morris from its Board of Directors, effective immediately. Announcement • Nov 30
Prophecy DeFi Inc. Announces Resignation of Stuart Hensman from the Board of Directors Prophecy DeFi Inc. announced the resignation of Stuart Hensman from the Board of Directors. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alec Regis was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
Prophecy DeFi Inc. Appoints Paul Rekai as President and Head of Operations Prophecy DeFi Inc. announced the appointment of Paul Rekai as President & Head of Operations. Paul will lead the next chapter of Prophecy's operations and growth. In this position, Paul will complement Prophecy's existing leadership team of experienced traditional finance and crypto operators and look to expand revenue streams by providing essential financial services for DeFi projects and investors alike. Paul is a crypto-native investor and operator, with experience working directly with on-chain DeFi Projects and investor-facing roles, bringing traditional investors into the world of crypto. Most recently, Paul was head of Business Development at AltFi Capital, a Digital Asset Hedge Fund and Investor Service Provider. In addition, Paul has served as a key advisor to SX Network, the largest blockchain-based betting site in the world. Paul has deep expertise in DeFi, through operational experience with Decentralized Exchanges (DEXs) and Automated Market Makers (AMMs) in yield farming and liquidity provision activities. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.018 loss per share (vs CA$0.051 loss in 2Q 2021) Second quarter 2022 results: CA$0.018 loss per share (up from CA$0.051 loss in 2Q 2021). Net loss: CA$2.42m (loss narrowed 30% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jun 10
Prophecy DeFi Inc., Annual General Meeting, Aug 11, 2022 Prophecy DeFi Inc., Annual General Meeting, Aug 11, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alec Regis was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 24
Prophecy DeFi Inc. announced that it has received CAD 5.68 million in funding On December 23, 2021, Prophecy DeFi Inc. closed the transaction. The company has issued 5,680 convertible debenture units for a total gross proceeds of CAD 5,680,000. Announcement • Sep 15
Bucephalus Capital Corp. (CNSX:BCA) completed the acquisition of Layer2 Blockchain Inc. Bucephalus Capital Corp. (CNSX:BCA) entered into non-binding letter of intent to acquire Layer2 Blockchain Inc. on April 27, 2021. Bucephalus Capital Corp. entered into a definitive agreement to acquire Layer2 Blockchain Inc. for CAD 17.5 million on June 7, 2021. As of June 8, 2021, Bucephalus Capital Corp will initially acquire 60% of the issued and outstanding common shares of Layer2 in exchange for 25 million common shares in the capital of Bucephalus Capital at a price per common share of CAD 0.48. Additionally, pursuant to the terms of the Definitive Agreement Bucephalus Capital has agreed to issue an additional 25 million common shares for the remaining 40% of Layer2 on the earlier of six months from the closing date of the Initial Acquisition or the date when Layer2 creates a minimum of 15 token positions in liquidity pools. As of July 9, 2021, Bucephalus Capital has completed the acquisition of 60% of the issued and outstanding common shares of Layer2 Blockchain Inc. In connection with the Transaction, the Company agreed to issue 500,000 common shares to a certain eligible finder. The proposed transaction is subject to the parties completing its respective due diligence and negotiating and entering into a definitive agreement and other ancillary documents necessary to complete the transaction.
Bucephalus Capital Corp. (CNSX:BCA) completed the acquisition of Layer2 Blockchain Inc. on September 13, 2021. Bucephalus Capital Corp acquired remaining 40% stake in Layer2 Blockchain Inc. All Common Shares issued in connection with the acquisition of Layer2 are subject to voluntary lock-ups of up to 21 months, subject to certain accelerated releases in the event the Company's common shares trade above certain prices. Executive Departure • Jul 23
Independent Director Jason Ewart has left the company On the 22nd of July, Jason Ewart's tenure as Independent Director ended after 5.6 years in the role. We don't have any record of a personal shareholding under Jason's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. 
