CA Market News
6日前
Robinhood Completes Acquisition of WonderFiJune 1, 2026 2:48 PM
NewsfileMenlo Park, California & Toronto, Ontario--(Newsfile Corp. - June 1, 2026) - WonderFi Technologies Inc. (TSX: WNDR) ("WonderFi" or the "Company") is pleased to announce that Robinhood Markets, Inc. (NASDAQ: HOOD) ("Robinhood") has completed the previously announced acquisition of WonderFi pursuant to a statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). In accordance with the terms of the Arrangement, Robinhood indirectly acquired all of the issued and outstanding common shares in the capital of WonderFi (the "Shares") for C$0.36 in cash per Share, representing a total equity value of approximately C$250 million on a fully diluted basis.The Shares are expected to be de-listed from the Toronto Stock Exchange on or about the close of trading on June 2, 2026. It is anticipated that WonderFi will apply to cease to be a reporting issuer under applicable Canadian securities laws.The Arrangement was originally announced on May 13, 2025, and was approved by the Company's securityholders at a special meeting held on July 17, 2025. The Company obtained a final order in respect of the Arrangement from the Supreme Court of British Columbia on July 21, 2025.Further information regarding the Arrangement is provided in the management information circular of the Company dated June 13, 2025 (the "Circular") prepared in connection with the Arrangement and the Company's subsequent related news releases, all of which are available under the Company's profile on SEDAR+ at www.sedarplus.ca and on WonderFi's website at https://www.wonder.fi/investors. Enclosed with the Circular was a letter of transmittal explaining how registered securityholders of the Company can submit their Shares in order to receive the consideration to which they are entitled in connection with the Arrangement. Registered securityholders who have questions on how to complete the letter of transmittal should direct their questions to Computershare Investor Services Inc., who is acting as depositary in connection with the Arrangement, at 1-800-564-6253 (toll-free in Canada and the United States), or 1-514-982-7555 (international direct dial), or by email at corporateactions@computershare.com. Beneficial securityholders holding Shares that are registered in the name of an intermediary must contact their broker or other intermediary to submit their instructions with respect to the Arrangement and to arrange for the surrender of their Shares in order to receive the consideration to which they are entitled in connection with the Arrangement.In connection with the completion of the Arrangement, the Company confirms that all Company brokers warrants ("Brokers Warrants") expired in accordance with their terms on March 10, 2026, prior to the completion of the Arrangement, and accordingly no consideration was payable to the former holders of Brokers Warrants in connection with the Arrangement.About WonderFi Technologies Inc.WonderFi is a leader in centralized and decentralized financial services and products.WonderFi's regulated trading platforms are well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, and Bitcoin.ca.As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.For more information, visit www.wonder.fi.About RobinhoodRobinhood Markets, Inc. is a global leader in financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com. Robinhood uses the "Overview" tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the U.S. Securities and Exchange Commission's ("SEC") Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood's press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information. "Robinhood" and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners.Additional Early Warning DisclosureImmediately prior to the closing of the Arrangement, Wrangler Holdings Inc. (the "Purchaser"), a corporation formed by Robinhood to effect the Arrangement, held no Shares. Following the closing of the Arrangement, the Purchaser owns 100% of the outstanding Shares. WonderFi is now a wholly-owned subsidiary of the Purchaser and Robinhood will maintain an indirect ownership interest in WonderFi. An early warning report with additional information in respect of the foregoing matters will be filed and made available on SEDAR+ at www.sedarplus.ca under WonderFi's profile or may be obtained directly upon request by contacting the Robinhood contact persons named below. The head office of WonderFi is 371 Front Street West, Suite 304, Toronto, Ontario, M5V 3S8. Cautionary Statement Regarding Forward-Looking StatementsThis press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of the Company regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.Forward-looking information may relate to our future business, financial outlook, and anticipated events or results, and may include information regarding our financial position, business strategy, growth strategies, addressable markets, budgets, operations, financial results, taxes, dividend policy, plans and objectives. Particularly, information regarding the delisting of the Shares following closing of the Arrangement, WonderFi ceasing to be a reporting issuer following closing of the Arrangement, the impact of the Arrangement on Robinhood's and the Company's respective businesses, the intended conduct and growth of the Company's business following closing of the Arrangement and our expectations of future results, performance, achievements, prospects, or opportunities, or the markets in which we operate, is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expect" or "does not expect", "is expected", "is poised to", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "future", "financial outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "does not anticipate", "believes", or variations of such words and phrases, or statements that certain actions, events, or results "may", "could", "would", "might", "will" occur or be taken, or "will continue to" or "are poised to" be achieved. In addition, any statements that refer to expectations, intentions, projections, or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's current expectations, estimates and projections regarding possible future events or circumstances.These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: fluctuations in general macroeconomic conditions; fluctuations in securities markets; the ability to realize on cost saving measures; the Company's limited operating history; the inability of the Company to delist the Shares following closing of the Arrangement, as contemplated or at all; the inability of WonderFi to cease to be a reporting issuer following closing of the Arrangement as contemplated or at all; the inability to realize the anticipated impact of the Arrangement on Robinhood's and the Company's respective businesses as contemplated or at all; the inability to conduct and grow the Company's business following closing of the Arrangement as contemplated or at all; the competitive nature of the technology industry; unproven markets for the Company's product offerings; lack of regulation and customer protection; the need for the Company to manage its future strategic plans; the effects of product development and need for continued technology change; protection of proprietary rights; network security risks; the ability of the Company to maintain properly working systems; foreign currency trading risks; use and storage of personal information and compliance with privacy laws; use of the Company's services for improper or illegal purposes; global economic and financial market conditions; uninsurable risks; changes in project parameters as plans continue to be evaluated; and those factors described in the Company's management information circular dated June 13, 2025, its most recent annual information form dated March 24, 2026 and management's discussion and analysis and financial statements for the period ended March 31, 2026, which are available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the Company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.For further information: WonderFiInvestor Relations:
Charlie Aikenhead
WonderFi
Invest@wonder.fiMedia:
Riyaz Lalani & Dan Gagnier
Gagnier Communications
WonderFi@gagnierfc.comRobinhoodInvestors:
ir@robinhood.comPress:
press@robinhood.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299681 Original: Robinhood Completes Acquisition of WonderFi
CA Market News
2週前
WonderFi Announces CIRO Approval for Acquisition by RobinhoodMay 25, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 25, 2026) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company") today announced that Coinsquare Capital Markets Ltd. ("CCML"), WonderFi's wholly-owned subsidiary, received regulatory approval from the Canadian Investment Regulatory Organization ("CIRO") for Robinhood Markets, Inc.'s (NASDAQ: HOOD) ("Robinhood") previously announced acquisition of WonderFi pursuant to a statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) (the "CIRO Approval"). The CIRO Approval was received on May 20, 2026.The Arrangement was approved by the Company's securityholders at a special meeting held on July 17, 2025, and the Company obtained a final order in respect of the Arrangement from the Supreme Court of British Columbia on July 21, 2025. Following receipt of the CIRO Approval, no further regulatory approvals are required in connection with the Arrangement.WonderFi and Robinhood expect the Arrangement to close on or about June 1, 2026, subject to the satisfaction of customary closing conditions.Further information regarding the Arrangement is provided in the management information circular of the Company dated June 13, 2025 (the "Circular") prepared in connection with the Arrangement and the Company's subsequent related news releases, all of which are available under the Company's profile on SEDAR+ at www.sedarplus.ca and on WonderFi's website at https://www.wonder.fi/investors. About WonderFiWonderFi is a leader in centralized and decentralized financial services and products.WonderFi's regulated trading platforms are well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, and Bitcoin.ca.As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.For more information, visit www.wonder.fi.Additional InformationFor additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fiForward-Looking Information and StatementsThis press release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities legislation. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements include, without limitation, statements regarding: the anticipated closing of the Arrangement. In connection with the forward-looking information contained in this press release, the Company has made certain assumptions, including that none of the risks identified below materialize, there are no unforeseen changes to economic and market conditions, no significant events occur outside the ordinary course of business and other expectations and assumptions concerning the Arrangement. While these opinions, estimates and assumptions are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this press release, they are subject to known and unknown risks and uncertainties including, but are not limited to: the risk that the parties are unable to satisfy, in a timely manner, the other conditions for the completion of the Arrangement, and the possibility that the Arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated. A more comprehensive description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi or the Arrangement are set out in the Company's management information circular dated June 13, 2025, and its most recent annual information form and management's discussion and analysis and financial statements, which are available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the Company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298714 Original: WonderFi Announces CIRO Approval for Acquisition by Robinhood
CA Market News
4週前
WonderFi Reports First Quarter 2026 ResultsMay 12, 2026 8:31 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 12, 2026) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (the "Company" or "WonderFi"), a leader in centralized and decentralized financial services and products, today announced its financial results for the three months ended March 31, 2026. All financial references are in Canadian dollars unless otherwise noted.Key Financial and Operating Highlights for Q1 2026:Generated $7.7 million in revenue and interest income in the quarterReduced cash used in operating activities to $2.1 million in Q1 2026, compared with $8.6 million in Q1 2025Total cash and digital assets of $30.6 million as of March 31, 2026, with cash of $27.3 million and crypto inventory of $3.4 millionAdvanced planning for post-closing integration enhancements in connection with the definitive agreement with Robinhood Markets, Inc. ("Robinhood"), pursuant to which an indirect, wholly-owned subsidiary of Robinhood agreed to acquire all of the issued and outstanding common shares of the Company for $0.36 per common share by way of a statutory plan of arrangement (the "Arrangement").Access to Financial Statements and Management Discussion and Analysis - Complete financial statements along with related management discussion and analysis can be found in the System for Electronic Document Analysis and Retrieval ("SEDAR+"), the electronic filing system for the disclosure documents of issuers across Canada at www.sedarplus.ca.About WonderFiWonderFi is a leader in centralized and decentralized financial services and products.WonderFi's regulated trading platforms are well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, and Bitcoin.ca.As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.For more information, visit www.wonder.fi.Additional InformationFor additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fiForward-Looking Information and StatementsThis press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of the Company regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control, including, specifically, the financial outlook of the Company and the proposed closing date of the Arrangement. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: fluctuations in general macroeconomic conditions; fluctuations in securities markets; the ability to realize on cost saving measures; the Company's limited operating history; the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory approvals in connection with the Arrangement; the ability of the parties to satisfy, in a timely manner, the other conditions for the completion of the Arrangement and the possibility that the Arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated, and other expectations and assumptions concerning the proposed Arrangement; the competitive nature of the technology industry; unproven markets for the Company's product offerings; lack of regulation and customer protection; the need for the Company to manage its future strategic plans; the effects of product development and need for continued technology change; protection of proprietary rights; network security risks; the ability of the Company to maintain properly working systems; foreign currency trading risks; use and storage of personal information and compliance with privacy laws; use of the Company's services for improper or illegal purposes; global economic and financial market conditions; uninsurable risks; changes in project parameters as plans continue to be evaluated; and those factors described in the Company's management information circular dated June 13, 2025, its most recent annual information form dated March 24, 2026 and management's discussion and analysis and financial statements for the period ended March 31, 2026, which are available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the Company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297274 Original: WonderFi Reports First Quarter 2026 Results
CA Market News
1月前
WonderFi Announces the Granting of an Order to Extend AGM DeadlineApril 24, 2026 4:15 PM
NewsfileToronto, Ontario--(Newsfile Corp. - April 24, 2026) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company") announces the Supreme Court of British Columbia (the "Court") has issued oral reasons for judgment in respect of its previously disclosed hearing (see news releases dated March 18, 2026 and April 20, 2026) in which the Court granted the requested relief and made an order to extend the deadline for the annual general meeting ("AGM") from August 24, 2025 to July 2, 2026 pursuant to s. 186 of the Business Corporations Act (British Columbia) (the "BCBCA"). Robinhood Markets, Inc. (NASDAQ: HOOD) ("Robinhood") and WonderFi are continuing to work on post-closing integration, which will facilitate Robinhood's deployment of its proprietary technology in Canada. WonderFi continues to anticipate a closing of the previously announced plan of arrangement under the BCBCA, pursuant to which Robinhood will indirectly acquire all of the issued and outstanding common shares of WonderFi (the "Transaction"), in the first half of 2026, subject to the satisfaction or waiver of the remaining conditions to closing of the Transaction as set forth in the arrangement agreement (as amended) governing the Transaction.About WonderFiWonderFi is a leader in centralized and decentralized financial services and products.With over $1.6 billion in client assets under custody, WonderFi's regulated trading platforms are well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, and Bitcoin.ca.As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.For more information, visit www.wonder.fi. Additional InformationFor additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fiForward-Looking Information and StatementsThis press release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities legislation. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements include, without limitation, statements regarding: the anticipated closing of the Transaction, Robinhood's deployment of its proprietary technology upon closing, and the satisfaction of the conditions to closing of the Transaction. In connection with the forward-looking information contained in this press release, the Company has made certain assumptions, including that none of the risks identified below materialize, there are no unforeseen changes to economic and market conditions, no significant events occur outside the ordinary course of business and other expectations and assumptions concerning the Transaction. While these opinions, estimates and assumptions are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this press release, they are subject to known and unknown risks and uncertainties including, but not limited to: the risk that the parties are unable to complete, in a timely manner, pre-closing integration work or do not receive the necessary regulatory approvals to allow the Transaction to close; the risk that the parties are unable to satisfy, in a timely manner, the other conditions for the completion of the Transaction; and the possibility that the Transaction will not be completed on the terms and conditions, or timing, currently contemplated. A more comprehensive description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi or the Transaction are set out in the Company's management information circular dated June 13, 2025, and its most recent annual information form and management's discussion and analysis and financial statements, which are available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the Company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294189
Original: WonderFi Announces the Granting of an Order to Extend AGM Deadline
CA Market News
2月前
WonderFi Reports Fourth Quarter and Full Year 2025 ResultsMarch 24, 2026 10:48 PM
NewsfileToronto, Ontario--(Newsfile Corp. - March 24, 2026) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (the "Company" or "WonderFi"), a leader in centralized and decentralized financial services and products, today announced its financial results for the three and twelve months ended December 31, 2025. All financial references are in Canadian dollars unless otherwise noted.Key Financial Highlights for 2025:WonderFi's Trading segment delivered $10.5 million in pre-tax income in 2025. Bitbuy and Coinsquare generated combined revenue and interest income of $49.8 million from operations in 2025. Generated positive Adjusted EBITDA of $2.1 million in 2025, with core Trading segment remaining profitable throughout the year.Total cash and digital assets of $35.5 million as of December 31, 2025, with cash of $29.0 million and crypto inventory of $6.5 million.Operating Highlights for Fiscal Year 2025:On May 13, 2025, WonderFi announced that it had entered into a definitive agreement (the "Arrangement Agreement") with Robinhood Markets, Inc. ("Robinhood") and an indirect, wholly-owned subsidiary of Robinhood (the "Purchaser"), pursuant to which, among other things, the Purchaser agreed to acquire all of the issued and outstanding common shares in the capital of the Company for C$0.36 per share in cash by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement").On July 17, 2025, WonderFi securityholders voted overwhelmingly to approve the Arrangement at a special meeting of securityholders, with 96.28% of votes cast in favour. A total of 321,024,400 votes were cast, representing approximately 48.36% of all issued and outstanding shares.On December 19, 2025, the Arrangement Agreement was amended to extend the outside date for completion of the Arrangement. The Company anticipates the Arrangement will close in the first half of 2026, subject to the satisfaction or waiver of the remaining conditions to closing as set forth in the Arrangement Agreement.Access to Financial Statements and Management Discussion and Analysis — Complete financial statements along with related management discussion and analysis can be found in the System for Electronic Document Analysis and Retrieval ("SEDAR+"), the electronic filing system for the disclosure documents of issuers across Canada at www.sedarplus.ca.About WonderFiWonderFi is a leader in centralized and decentralized financial services and products.With $1.6 billion in client assets under custody, WonderFi's regulated trading platforms are well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, and Bitcoin.ca.As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.For more information, visit www.wonder.fi.Additional Information
For additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fiForward-Looking Information and StatementsThis press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of the Company regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control, including, specifically, the financial outlook of the Company and the proposed closing date of the Arrangement. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: fluctuations in general macroeconomic conditions; fluctuations in securities markets; the ability to realize on cost saving measures; the Company's limited operating history; the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory approvals in connection with the Arrangement; the ability of the parties to satisfy, in a timely manner, the other conditions for the completion of the Arrangement and the possibility that the Arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated, and other expectations and assumptions concerning the proposed Arrangement; the competitive nature of the technology industry; unproven markets for the Company's product offerings; lack of regulation and customer protection; the need for the Company to manage its future strategic plans; the effects of product development and need for continued technology change; protection of proprietary rights; network security risks; the ability of the Company to maintain properly working systems; foreign currency trading risks; use and storage of personal information and compliance with privacy laws; use of the Company's services for improper or illegal purposes; global economic and financial market conditions; uninsurable risks; changes in project parameters as plans continue to be evaluated; and those factors described in the Company's management information circular dated June 13, 2025, and its most recent annual information form dated March 24, 2026, and management's discussion and analysis and financial statements for the period ended March 24, 2026, which are available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the Company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289838
Original: WonderFi Reports Fourth Quarter and Full Year 2025 Results
CA Market News
3月前
WonderFi Files Notice of Application with Supreme Court of British Columbia to Extend the Deadline to Hold Its Annual General MeetingMarch 18, 2026 8:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 18, 2026) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company") today announced that on March 17, 2026, the Company filed a notice of application (the "Application") with the Supreme Court of British Columbia (the "Court") seeking an order to extend the deadline for holding its annual general meeting (the "AGM") to July 2, 2026. The extension is sought under the final order of the Court approving the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the "BCBCA"), pursuant to which Robinhood Markets, Inc. (NASDAQ: HOOD) ("Robinhood"), will indirectly acquire all of the issued and outstanding common shares of WonderFi (the "Transaction"). In the alternative, the Application seeks an order from the Court under Section 186 of the BCBCA. Any person affected by the order sought may request electronic or hard copies of the filed Application materials by emailing Danielle DiPardo, counsel for the Company, at ddipardo@cassels.com. The Application is scheduled to be heard before a judge of the Court at 9:45 a.m. (Vancouver time) on April 13, 2026 at 800 Smithe Street, Vancouver, British Columbia V6Z 2E1. Any person affected by the order sought may appear (either in person or by counsel) and make submissions at the hearing, provided they file an Application Response in the form prescribed by the Supreme Court Civil Rules with the Court Registry, 800 Smithe Street, Vancouver, British Columbia, and deliver a copy of the filed Application Response (together with all affidavits and supporting materials) to the Company at its address for delivery set out below by 4:00 p.m. (Vancouver Time) no later than two business days prior to the hearing date: The Company's address for delivery is: Cassels Brock & Blackwell LLP
2200 – 885 West Georgia St.
Vancouver, British Columbia, Canada, V6C 3E8
Attention: Danielle DiPardo Email for delivery: ddipardo@cassels.com
Fax number for delivery: 604.691.6120
Telephone: 778.372.7333The Company filed the Application to extend the deadline for the AGM in light of the impending Transaction. Robinhood and WonderFi are continuing to work on post-closing integration, which will facilitate Robinhood's deployment of its proprietary technology in Canada, and WonderFi continues to anticipate a closing of the Transaction in the first half of 2026, subject to the satisfaction or waiver of the remaining conditions to closing of the Transaction as set forth in the arrangement agreement (as amended) governing the Transaction.About WonderFiWonderFi is a leader in centralized and decentralized financial services and products.With over $2.2 billion in client assets under custody, WonderFi's regulated trading platforms are well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, and Bitcoin.ca.As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.For more information, visit www.wonder.fi. Additional InformationFor additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fiForward-Looking Information and StatementsThis press release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities legislation. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements include, without limitation, statements regarding: the Application for relief from the Court to extend the deadline to hold its AGM, the hearing for the Application and the timing thereof, the anticipated closing of the Transaction, Robinhood's deployment of its proprietary technology upon closing, and the satisfaction of the conditions to closing of the Transaction. In connection with the forward-looking information contained in this press release, the Company has made certain assumptions, including that none of the risks identified below materialize, there are no unforeseen changes to economic and market conditions, no significant events occur outside the ordinary course of business and other expectations and assumptions concerning the Application for relief from the Court to extend the deadline to hold its AGM and the Transaction. While these opinions, estimates and assumptions are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this press release, they are subject to known and unknown risks and uncertainties including, but are not limited to: the risk that the hearing for the Application for relief from the Court to extend the deadline to hold its AGM will not be held as contemplated, or at all; the risk that the parties are unable to complete, in a timely manner, pre-closing integration work or do not receive the necessary regulatory approvals to allow the Transaction to close; the risk that the parties are unable to satisfy, in a timely manner, the other conditions for the completion of the Transaction; and the possibility that the Transaction will not be completed on the terms and conditions, or timing, currently contemplated. A more comprehensive description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi or the Transaction are set out in the Company's management information circular dated June 13, 2025, and its most recent annual information form and management's discussion and analysis and financial statements, which are available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the Company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288936
Original: WonderFi Files Notice of Application with Supreme Court of British Columbia to Extend the Deadline to Hold Its Annual General Meeting
CA Market News
4月前
WonderFi Provides Update on Annual General MeetingJanuary 30, 2026 5:30 PM
NewsfileToronto, Ontario--(Newsfile Corp. - January 30, 2026) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company") today announced that the British Columbia Registrar of Companies (the "BC Registrar") denied the Company's application for an extension to the deadline to hold the Company's 2025 annual general meeting ("AGM"), which was required to be held by August 24, 2025 under the provisions of Section 182 of the Business Corporations Act (British Columbia). The Company had submitted the application in order to avoid the expense of holding the AGM in light of its impending transaction (the "Transaction") with Robinhood Markets, Inc. (NASDAQ: HOOD) ("Robinhood"), and intends to apply for relief from the Supreme Court of British Columbia (the "Court") to extend the deadline to hold its AGM.Robinhood and the Company are continuing to work on post-closing integration, which will facilitate Robinhood's deployment of its proprietary technology in Canada, and WonderFi continues to anticipate a closing of the Transaction in the first half of 2026, subject to the satisfaction or waiver of the remaining conditions to closing of the Transaction as set forth in the arrangement agreement (as amended) governing the Transaction.Given the delay in holding the AGM, the Company is currently not in compliance with section 464 of the TSX Company Manual, which requires that every company having securities listed on the Toronto Stock Exchange hold its annual meeting of shareholders within six months from the end of its fiscal year. The Company has requested that the TSX grant a further extension of the deadline to hold its AGM. About WonderFiWonderFi is a leader in centralized and decentralized financial services and products.With over $2.2 billion in client assets under custody, WonderFi's regulated trading platforms are well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, and Bitcoin.ca.As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.For more information, visit www.wonder.fi. Additional InformationFor additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fiForward-Looking Information and StatementsThis press release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities legislation. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements include, without limitation, statements regarding: the anticipated filling of the application for relief from the Court to extend the deadline to hold its AGM, the anticipated closing of the Transaction, Robinhood's deployment of its proprietary technology upon closing, and the satisfaction of the conditions to closing of the Transaction. In connection with the forward-looking information contained in this press release, the Company has made certain assumptions, including that none of the risks identified below materialize, there are no unforeseen changes to economic and market conditions, no significant events occur outside the ordinary course of business and other expectations and assumptions concerning the application for relief from the Court to extend the deadline to hold its AGM and the Transaction. While these opinions, estimates and assumptions are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this press release, they are subject to known and unknown risks and uncertainties including, but are not limited to: the risk that the Company being unable to file the application for relief from the Court to extend the deadline to hold its AGM as contemplated, or at all; the risk of the parties being unable to complete, in a timely manner, pre-closing integration work or not receiving the necessary regulatory approvals to allow the Transaction to close; the risk that the parties are unable to satisfy, in a timely manner, the other conditions for the completion of the Transaction, and the possibility that the Transaction will not be completed on the terms and conditions, or on the timing, currently contemplated. A more comprehensive description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi or the Transaction are set out in the Company's management information circular dated November 14, 2025, and its most recent annual information form and management's discussion and analysis and financial statements, which are available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the Company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282222
Original: WonderFi Provides Update on Annual General Meeting
makinezmoney
1年前
$WONDF: $MOGO moving more on this news actually
Mogo Portfolio Company WonderFi Announces Definitive Agreement to be Acquired by Robinhood Markets
Share
Mogo is WonderFi’s largest shareholder holding ~82 million shares
Mogo signs voting support agreement in favour of the transaction
VANCOUVER, British Columbia--(BUSINESS WIRE)--Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced that its portfolio company, WonderFi Technologies Inc. (TSX:WNDR) (“WonderFi”), has entered into a definitive agreement (the "Arrangement Agreement") with Robinhood Markets, Inc. (NASDAQ: HOOD) ("Robinhood") and a wholly owned subsidiary of Robinhood ("Purchaser"). Pursuant to the Arrangement Agreement, the Purchaser will acquire all of the issued and outstanding common shares of WonderFi ("Common Shares") for C$0.36 per Common Share by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement").
The all-cash purchase price represents a total equity value of approximately C$250 million on a fully diluted, in-the-money basis, a premium of approximately 41% to the closing price of the Common Shares on the Toronto Stock Exchange (the "TSX") on May 12, 2025, the last trading day prior to the announcement of the Arrangement, and a premium of approximately 71% to the 30-day volume-weighted average trading price ("VWAP") of the Common Shares as at that date.
“This is a defining moment for WonderFi, and we acknowledge the team’s remarkable progress,” said Greg Feller, Mogo’s President & Chief Financial Officer. “We stand behind this transaction, as it delivers immediate liquidity and solidifies value at a compelling premium for shareholders. Mogo was instrumental in shaping the present-day WonderFi. In July 2023, we orchestrated the merger of Coinsquare, in which we held a 34% stake, with WonderFi—bringing together two of Canada’s most influential crypto trading platforms. That strategic move set the stage for the milestone we see today.”
Mogo is WonderFi’s largest shareholder, holding approximately 82 million common shares. Full details of the agreement can be found in the WonderFi press release.
As part of the Arrangement, Mogo and certain other shareholders as well as the directors and certain officers of WonderFi, collectively holding approximately 28% of the issued and outstanding Common Shares, entered into voting support agreements pursuant to which they have agreed to vote their shares in favour of the Arrangement, subject to certain conditions.
The Transaction is expected to close in the second half of 2025, subject to the receipt of the required approvals from WonderFi’s shareholders at a shareholder meeting of WonderFi, certain regulatory approvals, as well as the satisfaction of other customary closing conditions for a transaction of this nature.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of applicable securities legislation, including statements regarding the terms of the Arrangement Agreement, completion thereof and satisfaction of closing conditions in connection therewith. Forward-looking statements are typically identified by words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. For a description of the risks associated with Mogo's business please refer to the “Risk Factors” section of Mogo’s current annual information form, which is available at www.sedarplus.com and www.sec.gov. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
About Mogo
Mogo Inc. (NASDAQ:MOGO; TSX:MOGO) is a financial technology company with three distinct business lines: wealth, lending, and payments. Our mission is to provide consumers with innovative financial solutions that drive long-term financial health and success. We operate with a differentiated approach in each business, leveraging technology, behavioral science, and financial tools to create unique value propositions in our respective markets.
Our wealth and lending businesses are focused on the Canadian market, where we are the only subprime consumer lender that also offers a holistic wealth and investing solution. This unique integration is designed to help consumers transition from borrowing and debt to long-term wealth building. Separately, our payments business is operated through Carta Worldwide, a wholly owned subsidiary that provides modern card issuing and processing solutions, primarily in Europe.
Contacts
Investor Relations
investors@mogo.ca
US Investor Relations Contact
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
shamsian@lythampartners.com
(646) 829-9701
GO $MOGO
Trooperstocks
2年前
NEWS: WonderFi Achieves Historic Milestones in November
December 03, 2024 8:00 AM EST | Source: WonderFi Technologies Inc.
Sets monthly records in client assets under custody, assets staked on platform, client registrations and monthly transacting users
Delivers sharp increases in revenue and interest income, and total trading volume
Toronto, Ontario--(Newsfile Corp. - December 3, 2024) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company"), a global leader in centralized and decentralized financial services and products, is pleased to share that its wholly-owned and operated Bitbuy and Coinsquare crypto trading platforms achieved a number of historic milestones in the month of November 2024.
"The records we've set in the past month underscore our ability to offer reliable, safe and secure trading in the world's premier cryptocurrencies while delivering an exceptional customer experience," said WonderFi President & CEO Dean Skurka. "We're also pleased the strong momentum in our business is carrying into December, supported by a broader bull market for digital assets and a promotional holiday campaign aimed at rewarding loyal customers and driving higher engagement. We remain focused on continuous improvement and innovation as we build Bitbuy and Coinsquare into world-class cryptocurrency destinations for retail and institutional investors alike."
Key Financial and Operational Highlights for November 2024:
Achieved $8.5 million in revenue and interest income, representing an increase of 141% from October, and 210% increase from the Q3 2024 Monthly Average. Costs associated with the revenue were in-line with ordinary course operating conditions.
Bitbuy and Coinsquare facilitated $450 million in trading volumes in November, representing a 185% increase from the Q3 2024 Monthly Average.
Achieved a new record in client assets under custody, surpassing $2.2 billion as of the end of November, an increase of 125% year-to-date.
User registrations surpassed 20,000 in November, the best month this year, representing an increase of 120% compared to October, and 219% compared to the Q3 Monthly Average.
Monthly Transacting Users on the Bitbuy and Coinsquare platform increased by 82% compared to October, and 80% compared to the Q3 Monthly Average.
During the month of November, the Company re-purchased for cancellation 3,075,500 common shares at an average price of $0.195.
ABOUT WONDERFI
WonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products.
With over $2.2B in assets under custody, WonderFi is well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining applicable licenses. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi
For additional information, please contact:
Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fi
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of WonderFi Technologies Inc. ("WonderFi" or the "Company") regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: taxation, controls or regulations and/or changes in the administration of laws, policies and practices and political or economic developments in Canada and other jurisdictions in which the Company carries on business or in which the Company may carry on business in the future; and material adverse changes in general economic, business and political conditions, including changes in the financial markets and compliance with extensive government regulation, decisions to modify, pause or discontinue certain treasury management strategies. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. A more fulsome description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi is set out in its management's discussion and analysis and financial statements for the period ended September 30, 2024, available on its SEDAR+ profile at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. All financial amounts referenced herein are in Canadian dollars unless otherwise expressly identified.
SOURCE: WonderFi Technologies Inc.
Trooperstocks
2年前
$WONDF News: WonderFi Reports Record Fourth Quarter and Full Year 2023 Results
Newsfile Corp.
Thu, Mar 28, 2024, 7:30 AM EDT
In This Article:
WONDF
+2.65%
Q4 2023 record quarterly revenue of $12.9 million, an increase of 395% compared with calendar Q4 2022
WonderFi generated positive EBITDA of $6.7 million in Q4 2023, a significant increase compared with negative $7.5 million in Q3 2023
WonderFi wholly owned platforms processed over $2.5 billion in crypto trading volumes and $625 million in payment processing volumes in Fiscal Year 2023
Total cash, digital assets, and investments of over $57.3 million as of December 31, 2023
Toronto, Ontario--(Newsfile Corp. - March 28, 2024) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (the "Company" or "WonderFi"), Canada's leading operator of regulated crypto trading platforms and other digital asset businesses, today announced its financial results for the three and twelve months ended December 31, 2023. All financial references are in Canadian dollars unless otherwise noted.
This news release constitutes "a designated news release" for the purposes of WonderFi Technologies Inc.'s prospectus supplement dated December 23, 2022, to its short form base shelf prospectus dated September 7, 2022.
Key Financial Highlights for Q4 2023:
Bitbuy, Coinsquare and SmartPay generated combined revenues of $12.9 million, at the high end of the range of guidance, in Q4 2023. This represents a 395% increase in quarterly combined revenues as compared with Q4 2022.
Cash and digital assets balance increased to $37.3 million, and total investments increased to $20 million, totalling $57.3 million as of December 31, 2023.
Generated EBITDA of $6.7 million, representing 52% of revenue. This compares with negative EBITDA of $7.5 million in Q3 2023 and negative EBITDA during each quarter of fiscal year 2022.
Net income for the quarter increased to $4 million or $0.01 per share. This compares with a net loss of $10 million or ($0.02) per share in Q3 2023 and a net loss during each quarter of fiscal year 2022.
Total operating expenses for Q4 2023 decreased by 35% compared to calendar Q4 2022 and decreased by 22% compared to Q3 2023, reflecting the Company's continued cost savings programs and streamlining of back-office functions for Bitbuy, Coinsquare and SmartPay.
Operating Highlights for Fiscal Year 2023:
WonderFi wholly owned platforms processed over $2.5 billion in crypto trading volumes, and $625 million in payment processing volumes during Fiscal Year 2023.
Bitbuy and Coinsquare surpassed $1 billion in client assets under custody as at December 31, 2023, an increase of 44% compared with $698 million at the end of Q3 2023.
Completed the acquisitions of Coinsquare Ltd., and CoinSmart Financial Inc., and the client accounts of Bitvo Inc., establishing WonderFi as the largest crypto ecosystem in Canada with over 1.6 million registered users.
Successfully migrated the Coinberry, CoinSmart, and Bitvo client accounts on to the Bitbuy platform, realizing significant operational and cost synergies.
Subsequent to Fiscal Year 2023:
Received a distribution of 61,700 unlocked Solana tokens worth $8.8 million at the time of receipt, and 159,100 of unlocked Polkadot tokens worth $2.1 million at the time of receipt, from one of its existing investments.
Coinsquare launched staking with the largest selection of stakeable assets of any CIRO dealer member, and has seen over $15 million total staked since its February launch.
Entered into an agreement to purchase FX Institutions Pty. Ltd, an Australian company registered to offer crypto trading and payment remittances in the region (agreement subject to regulatory approval).
"WonderFi had a breakout year in 2023, highlighted by three acquisitions, improved financial results and sequential growth across our operating platforms. The Company strengthened its financial position through positive operating earnings on a consolidated basis in Q4 and entered 2024 with $37.4 million of cash and digital assets with no debt," said Dean Skurka, Chief Executive Officer & President.
"WonderFi's focus for the year ahead is sustainable growth by continuing to scale its existing platforms, while strategically working to expand our product offerings into new markets, such as Australia. With market conditions improving significantly throughout the industry, WonderFi will continue to demonstrate its ability to generate consistent growth and profitability in 2024," continued Mr. Skurka.
Access to Financial Statements and Management Discussion and Analysis
Complete financial statements along with related management discussion and analysis can be found in the System for Electronic Document Analysis and Retrieval ("SEDAR+"), the electronic filing system for the disclosure documents of issuers across Canada at www.sedarplus.ca.
Additional Information
For additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
Invest@wonder.fi
ABOUT WONDERFI
WonderFi owns and operates Bitbuy and Coinsquare, two leading domestic crypto platforms with strongholds in the Canadian market; WonderFi operates Internationally through its expansion in Australia, as well as through Smartpay, its global crypto payments platform.
With a collective user base of over 1.6 Million registered Canadians and a combined assets under custody exceeding $1.5 Billion, WonderFi serves one of the largest crypto investor communities in Canada.
For more information, visit www.wonder.fi.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of WonderFi Technologies Inc. ("WonderFi" or the "Company") regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.
In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the inability of the Company to meet its expected revenue targets and revenue growth of SmartPay, each of which may be subject to market conditions and regulatory or other approvals which may be required in connection therewith; the inability to maintain current levels of user growth due to competition and cyclical market conditions; the inability of the Company to work effectively with strategic investors and partners, and any changes to key personnel; security and cybersecurity threats and hacks; internet and power disruptions; uncertainty about the acceptance or widespread use of digital assets; failure to anticipate technology innovations; and material adverse changes in general economic, business and political conditions, including changes in the financial markets and compliance with extensive government regulation. These risks are not intended to represent a complete list of the factors that could affect the Company. A more fulsome description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi is set out in its management's discussion and analysis and financial statements for the period ended December 31, 2023, as well as its annual information form, available on its SEDAR+ profile at https://www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
The company has provided an updated outlook for the purpose of presenting information about current expectations for the periods presented. This information may not be appropriate for other purposes. You are cautioned not to place undue reliance on forward-looking statements which reflect expectations only as of the date of this news release.
The Toronto Stock Exchange has not approved or disapproved of the information contained in this release. Except as may be required by applicable law, WonderFi disclaims any obligation to update or revise any forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203393