India, May 13 -- Mogo Inc. (MOGO, MOGO.TO) Tuesday said that its portfolio company, WonderFi Technologies Inc. (WNDR.TO), has entered into a deal with Robinhood Markets, Inc. (HOOD) and a wholly owned subsidiary of Robinhood, to be acquired for C$0.36 per share.
The all-cash purchase price represents a total equity value of around C$250 million, a premium of around 41% to the closing price of the common shares on the Toronto Stock Exchange on May 12, 2025.
"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....