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Wonderfi's Bitbuy to acquire Coinberry client accounts
2023-07-21 15:01 PT - News Release
Mr. Dean Skurka reports
WONDERFI ANNOUNCES PROPOSED TRANSACTION FOR BITBUY TO ACQUIRE COINBERRY CLIENT ACCOUNTS
Wonderfi Technologies Inc.'s subsidiary, Bitbuy Technologies Inc., has received a non-objection letter from the Ontario Securities Commission to purchase all of the client accounts of Coinberry Ltd.
This news release constitutes a designated news release for the purposes of Wonderfi's prospectus supplement dated Dec. 23, 2022, to its short-form base shelf prospectus dated Sept. 7, 2022.
The transaction will be carried out by way of an asset purchase agreement, where Bitbuy will purchase and assume from Coinberry all of Coinberry's right, title and interest as well as any and all obligations associated with the servicing of Coinberry's client accounts. The company anticipates that the transaction will close prior to the end of August of this year.