- 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.
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