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Leading Independent Proxy Advisory Firm ISS Recommends WonderFi Shareholders Vote FOR the Proposed Transaction with Robinhood
Toronto, Ontario--(Newsfile Corp. - June 25, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQ...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"Leading Independent Proxy Advisory Firm ISS Recommends WonderFi Shareholders Vote FOR the Proposed Transaction with RobinhoodToronto, Ontario--(Newsfile Corp. - June 25, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (the \"Company\" or \"WonderFi\"), today announced that Institutional Shareholder Services Inc. (\"ISS\"), a leading independent proxy advisory firm, has recommended that holders of common shares (the \"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\"), a wholly-owned, indirect subsidiary of Robinhood Markets, Inc. (NASDAQ: HOOD) (\"Robinhood\").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 Holders will receive a cash amount per Brokers Warrant equal to the Black-Scholes value of each Brokers Warrant as of the business day immediately prior to closing of the Arrangement.In its report recommending Securityholders vote \"FOR\" the Arrangement, ISS cited the compelling strategic and financial rationale for the Arrangement, stating:\"The offer consideration represents a substantial premium of 41.2 percent over the price on the day prior to the announcement, and a premium of 89.5 percent over the stock price two months prior to the announcement.\" ISS also highlighted that WonderFi received multiple fairness opinions who each found the transaction to be fair from a financial point of view to the shareholders.ISS' experienced research team provides comprehensive proxy analysis and complete vote recommendations for over 50,000 meetings annually in over 100 markets worldwide.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 (the \"Special Committee\") and the fairness opinions received from Origin Merchant Partners and Canaccord Genuity Corp., unani...