・WonderFi Technologies (TSX:WNDR) shareholders have approved the proposed acquisition of the company by Wrangler Holdings, a subsidiary of Robinhood Markets (NASDAQ:HOOD)
・WonderFi shareholders will receive $0.36 per share, while broker warrant holders will be compensated based on the Black-Scholes value of their warrants
・The acquisition marks a significant step in Robinhood’s expansion into the Canadian fintech space
・WonderFi stock (TSX:WNDR) last traded at $0.35
WonderFi Technologies (TSX:WNDR) announced that its shareholders and holders of broker warrants have overwhelmingly approved the proposed acquisition of the company by Wrangler Holdings Inc., an indirect, wholly-owned subsidiary of Robinhood Markets (NASDAQ:HOOD).
This content has been prepared as part of a partnership with WonderFi Technologies Inc. and is intended for informational purposes only.
According to a media release, the approval came during a special meeting held on July 17, 2025, where securityholders voted in favour of the plan. The acquisition marks a significant step in Robinhood’s expansion into the Canadian fintech space.
The special resolution received strong support across all voting categories:
・96.28 per cent of votes cast by shareholders,
・96.3 per cent of votes cast by shareholders and broker warrant holders voting as a single class,
・94.07 per cent of votes cast by minority shareholders, excluding those required to be excluded under Multilateral Instrument 61-101.
In total, over 321 million votes were cast, representing approximately 48.36 per cent of all outstanding shares as of the record date.
Under the terms of the arrangement, WonderFi shareholders will receive $0.36 per share, while broker warrant holders will be compensated based on the Black-Scholes value of their warrants as of the business day prior to closing. Detailed instructions for receiving payment are outlined in the company’s management information circular dated June 13, 2025, available on SEDAR+.
WonderFi is now seeking a final order from the Supreme Court of British Columbia, with a hearing expected around July 21, 2025. The transaction is anticipated to close in the second half of 2025, pending final regulatory and court approvals.
Since this was initially announced back in May, Wonderfi’s stock jumped 8 cents and has stayed elevated.
This acquisition intends to strengthen Robinhood’s presence in Canada’s digital asset and fintech markets, aligning with its broader strategy of international growth.
WonderFi Technologies owns and operates Bitbuy and Coinsquare, two Canadian cryptocurrency platforms, which serve more than 1.6 million registered users and hold more than C$1.5 billion in assets under custody combined. The crypto stock is also active internationally through its acquisition of FX Institutions, an Australian crypto trading and remittance provider, as well as through Smartpay, its global crypto payments platform.
WonderFi stock (TSX:WNDR) last traded at $0.35.
Posting Komentar