Business
Mogo Applies to Extend the Expiry Dates of Certain Warrants
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a dig...
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[{"type":"text","content":"Mogo Applies to Extend the Expiry Dates of Certain Warrants\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n Mogo Inc.\n \n (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced that it has applied to the Toronto Stock Exchange (the “TSX”) to extend the expiry date of 1,120,371 common share purchase warrants (the “Warrants”). The Warrants were issued pursuant to the Company’s US$27.5 million Registered Direct offering in December 2021 and are currently set to expire on June 13, 2025. The Warrants consist of 101,852 warrants with an exercise price of US$16.875 per common share and 1,018,519 warrants with an exercise price of US$14.10 per common share. Each Warrant entitles the holder thereof to acquire one common share of the Company and all other terms of the Warrants will remain the same.\n \n\n The Company is seeking to extend the expiry date of the Warrants to June 13, 2026. No insiders of the Company hold any of the Warrants, directly or indirectly. Finalization of this extension is subject to the approval of the TSX and the warrantholders. If such approvals are obtained, this extension will be effective on the date that is ten business days from the date of this press release (the \"Effective Date\"), and the Warrants cannot be exercised during the period from June 13, 2025 up to the Effective Date.\n \n\n\n About Mogo\n \n\n\n\n Mogo Inc.\n \n (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.\n \n\n 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 mo...