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Leading Independent Proxy Advisory Firm Glass Lewis Recommends WonderFi Shareholders Vote FOR the Proposed Transaction with Robinhood
Toronto, Ontario--(Newsfile Corp. - July 8, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"Leading Independent Proxy Advisory Firm Glass Lewis Recommends WonderFi Shareholders Vote FOR the Proposed Transaction with RobinhoodToronto, Ontario--(Newsfile Corp. - July 8, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (\"WonderFi\" or the \"Company\"), is pleased to announce that leading independent proxy advisory firm Glass, Lewis & Co. (\"Glass Lewis\") has recommended that holders of common shares (\"Shares\") and brokers warrants (\"Brokers Warrants\") of the Company (collectively, the \"Securityholders\") vote \"FOR\" the special resolution approving the previously announced statutory plan of arrangement involving WonderFi and Wrangler Holdings Inc. (the \"Purchaser\"), an indirect, wholly-owned subsidiary of Robinhood Markets, Inc. (NASDAQ: HOOD) (\"Robinhood\").Glass Lewis is the second leading independent proxy advisory firm to recommend Securityholders vote \"FOR\" the arrangement, following the previously announced recommendation from Institutional Shareholder Services.The arrangement, made pursuant to Division 5 of Part 9 of the Business Corporations Act (British Columbia) (the \"Arrangement\"), is between WonderFi and the Purchaser. Under the Arrangement, the Purchaser will acquire all of the issued and outstanding Shares for C$0.36 per Share, and holders of Brokers Warrants will receive a cash amount per Brokers Warrant equal to the Black-Scholes value of each Brokers Warrant as of the business day prior to closing of the Arrangement.WonderFi Board and Special Committee RecommendationsThe board of directors of WonderFi (the \"Board\") (with two interested directors abstaining), based, in part, on the unanimous recommendation of a special committee of the Board and the fairness opinions received from Origin Merchant Partners and Canaccord Genuity Corp., unanimously recommends that the Securityholders vote \"FOR\" the Arrangement. Full details of the proposed Arrangement, including voting instructions, are set out in the management information circular of the Company dated June 13, 2025 (the \"Circular\") and related proxy materials in respect of the upcoming special meeting of Securityholders (the \"Meeting\"), which are filed under WonderFi's issuer profile on SEDAR+ (www.sedarplus.ca) as well as on WonderFi's website at www.wonder.fi/investors#robinhood-transaction-documents.Y...