Latest news with #GregFeller
The Market Online
14-05-2025
- Business
- The Market Online
Mogo announces acquisition of WonderFi by Robinhood in $250 million all-cash deal
Mogo (TSX:MOGO) announced that its portfolio company, WonderFi Technologies (TSX:WNDR), has signed an agreement to be acquired by Robinhood Markets Inc. (NASDAQ:HOOD) Robinhood will acquire all issued and outstanding common shares of WonderFi for $0.36 per share in an all-cash transaction at approximately C$250 million The acquisition is expected to close in the second half of 2025 Mogo stock (TSX:MOGO) last traded at C$2.11 and WonderFi Technologies stock (TSX:WNDR) last traded at $0.34 Digital wealth and payments company Mogo (TSX:MOGO) announced that its portfolio company, WonderFi Technologies (TSX:WNDR), has signed an agreement to be acquired by Robinhood Markets Inc. (NASDAQ:HOOD) and a wholly owned subsidiary of Robinhood. Under the terms of the arrangement agreement, Robinhood will acquire all issued and outstanding common shares of WonderFi for $0.36 per share in an all-cash transaction. The deal values WonderFi at approximately C$250 million on a fully diluted, in-the-money basis. The purchase price represents a 41 per cent premium over WonderFi's closing share price on the Toronto Stock Exchange as of May 12, 2025, and a 71 per cent premium over the 30-day volume-weighted average trading price. The acquisition will be executed through a statutory plan of arrangement and is expected to close in the second half of 2025, pending customary closing conditions and shareholder approvals. The news provided a major spike in both Mogo and Wonderfi's share price. (Mogo stock chart – May 2025.) (WonderFi stock chart – May 2025.) Mogo, WonderFi's largest shareholder with approximately 82 million common shares, stands to benefit significantly from the transaction. The deal is subject to approval by at least two-thirds of the votes cast by WonderFi shareholders at a special meeting scheduled for July 2025. 'This is a defining moment for WonderFi, and we acknowledge the team's remarkable progress,' Greg Feller, Mogo's president and chief financial officer said in a news release. '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 per cent 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 Inc. is a financial technology company with three distinct business lines: wealth, lending, and payments. WonderFi Technologies Inc. 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. Mogo stock (TSX:MOGO) last traded at C$2.11 and is up 13 per cent since the year began, but down 6 per cent since this time last year. WonderFi Technologies stock (TSX:WNDR) last traded at $0.34 and is up 17 per cent since the year began and has risen 57 per cent since this time last year. Join the discussion: Learn what other investors are saying about these stocks and the acquisition on the Mogo Bullboard and WonderFi Technologies Bullboard, then check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
National Post
13-05-2025
- Business
- National Post
Mogo Portfolio Company WonderFi Announces Definitive Agreement to be Acquired by Robinhood Markets
Article content VANCOUVER, British Columbia — 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'). Article content 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. Article content '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.' Article content 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. Article content 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. Article content 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. Article content 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 and 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. Article content 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. Article content 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. Article content Article content Article content Article content Investor Relations investors@ Article content Article content Article content
Business Wire
13-05-2025
- Business
- Business Wire
Mogo Portfolio Company WonderFi Announces Definitive Agreement to be Acquired by Robinhood Markets
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 and 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.
National Post
09-05-2025
- Business
- National Post
Mogo to Participate in the D. Boral Capital Inaugural Global Conference
Article content VANCOUVER, British Columbia — Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ('Mogo' or the 'Company'), a digital wealth and payments business, today announced that it will be participating in the D. Boral Capital Inaugural Global Conference on May 14, 2025 which is being held in New York. Article content Article content Greg Feller, President & Co-founder, will be hosting one-on-one meetings at the conference. Article content To register for one-on-one meetings with management at The Plaza Hotel in New York City, interested parties should contact John Perez at jperez@ Article content 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. Article content Article content Article content Article content For further information: Article content U S Investor Relations Contact Lytham Partners, LLC Ben Shamsian New York | Phoenix 646-829-9701 shamsian@ Article content Article content Article content
Business Wire
09-05-2025
- Business
- Business Wire
Mogo to Participate in the D. Boral Capital Inaugural Global Conference
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ('Mogo' or the 'Company'), a digital wealth and payments business, today announced that it will be participating in the D. Boral Capital Inaugural Global Conference on May 14, 2025 which is being held in New York. Greg Feller, President & Co-founder, will be hosting one-on-one meetings at the conference. To register for one-on-one meetings with management at The Plaza Hotel in New York City, interested parties should contact John Perez at jperez@ 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.
