Business
WonderFi Announces CIRO Approval for Acquisition by Robinhood
WonderFi Announces CIRO Approval for Acquisition by Robinhood
About this update from Robinhood Markets, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 25, 2026) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (\"WonderFi\" or the \"Company\") today announced that Coinsquare Capital Markets Ltd. (\"CCML\"), WonderFi's wholly-owned subsidiary, received regulatory approval from the Canadian Investment Regulatory Organization (\"CIRO\") for Robinhood Markets, Inc.'s (NASDAQ: HOOD) (\"Robinhood\") previously announced acquisition of WonderFi pursuant to a statutory plan of arrangement (the \"Arrangement\") under the Business Corporations Act (British Columbia) (the \"CIRO Approval\"). The CIRO Approval was received on May 20, 2026.\nThe Arrangement was approved by the Company's securityholders at a special meeting held on July 17, 2025, and the Company obtained a final order in respect of the Arrangement from the Supreme Court of British Columbia on July 21, 2025. Following receipt of the CIRO Approval, no further regulatory approvals are required in connection with the Arrangement.\nWonderFi and Robinhood expect the Arrangement to close on or about June 1, 2026, subject to the satisfaction of customary closing conditions.\nFurther information regarding the Arrangement is provided in the management information circular of the Company dated June 13, 2025 (the \"Circular\") prepared in connection with the Arrangement and the Company's subsequent related news releases, all of which are available under the Company's profile on SEDAR+ at www.sedarplus.ca and on WonderFi's website at https://www.wonder.fi/investors.\nAbout WonderFi\nWonderFi is a leader in centralized and decentralized financial services and products.\nWonderFi's regulated trading platforms are well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.\nDesigned to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, and Bitcoin.ca.\nAs the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.\nFor more inform...