📅WonderFi Announces 2021 Year-End Financial Results📅 Cash Reserves and Crypto Holdings Total $49.7 Million Post-October Financing
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2021) - WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FTX: WNDR) (the "Company" or "WonderFi") today announced its annual 2021 financial results for the year ended September 30, 2021.
Financial Highlights (in CAD):
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Total assets as of September 30, 2021 were $25.4 million, including $20.3 million in cash and $4.1 million in crypto assets
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Net Cash Used in Operating Activities (Total Cash Burn) of $2.7 million for the year ended September 30, 2021
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Total loss and comprehensive loss of $5.1 million for the year ended September 30, 2021
Subsequent Financing
On October 26, 2021, WonderFi announced the closing of a financing for gross proceeds of approximately $26.4 million. Post-financing the Company had cash and crypto holdings totaling $49.7 million including $38.5 million in cash and $11.2 million in crypto assets and other strategic investments, to enable continued execution of WonderFi business plan.
https://finance.yahoo.com/news/wonderfi-announces-2021-end-financial-024900429.html