Business
Supreme Court of British Columbia Grants Final Order to WonderFi Approving Acquisition by Robinhood
Toronto, Ontario--(Newsfile Corp. - July 21, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQ...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"Supreme Court of British Columbia Grants Final Order to WonderFi Approving Acquisition by RobinhoodToronto, Ontario--(Newsfile Corp. - July 21, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (\"WonderFi\" or the \"Company\"), is pleased to announce that the Supreme Court of British Columbia issued a final order approving the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the \"Arrangement\") pursuant to which, among other things, Wrangler Holdings Inc. (the \"Purchaser\"), an indirect, wholly-owned subsidiary of Robinhood Markets, Inc. (NASDAQ: HOOD) (\"Robinhood\"), will acquire all of the issued and outstanding common shares in the capital of WonderFi (the \"Shares\") for C$0.36 per Share, and holders of brokers warrants (\"Brokers Warrants\") of the Company 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.The Company also advises that on July 17, 2025, Robinhood received a no-action letter from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to make an application under section 92 of the Competition Act (Canada) in respect of the Arrangement. Subject to the satisfaction or waiver, where permitted, of the remaining conditions to closing contained in the arrangement agreement entered into between the Company, the Purchaser and Robinhood dated May 12, 2025 (the \"Arrangement Agreement\"), including receipt of all final regulatory approvals necessary for the completion of the Arrangement, it is anticipated that the Arrangement will be completed by the parties in the second half of 2025. The Company will provide additional updates with respect to the anticipated timing of the closing of the Arrangement in future news releases.Questions for DepositaryShareholders and holders of Brokers Warrants who have questions or require assistance submitting their Shares and/or Brokers Warrants in connection with the Arrangement may direct their questions to Computershare Investor Services Inc., which is acting as depositary in connection with the Arrangement, at 1.800.564.6253 (toll-free in Canada and the United States) or 1.514.982.7555 (international direct dial) or by email at corporateactions@computersh...