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WonderFi Announces Extension to the Outside Date for Robinhood Transaction
Toronto, Ontario--(Newsfile Corp. - December 19, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"WonderFi Announces Extension to the Outside Date for Robinhood TransactionToronto, Ontario--(Newsfile Corp. - December 19, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (\"WonderFi\" or the \"Company\") today announced that it has entered into an amending agreement (the \"Amendment\") to the arrangement agreement dated May 12, 2025 (the \"Arrangement Agreement\") with Robinhood Markets, Inc. (NASDAQ: HOOD) (\"Robinhood\") providing for, among other things, an extension to the outside date for completion of the proposed indirect acquisition by Robinhood of all the issued and outstanding common shares in the capital of WonderFi (the \"Transaction\") to June 1, 2026.As previously disclosed, WonderFi and Robinhood have advanced planning for post-closing integration to facilitate Robinhood's deployment of its proprietary technology in Canada. The Amendment provides the additional time that is required for the parties to complete the integration enhancements that require additional development work and regulatory approval. \"Our excitement for the transaction with Robinhood remains unwavering, as we usher in a new era of democratized finance in Canada. The Amendment provides a clear path for WonderFi and Robinhood to advance integration enhancements and regulatory approval as we work toward closing in the first half of 2026,\" said Paul Pathak, Chair of the Special Committee.\"Robinhood remains committed to advancing our mission in Canada with WonderFi. We look forward to delivering innovative, user-centric crypto products to Canadian customers,\" said Johann Kerbrat, SVP and GM of Robinhood Crypto. WonderFi continues to anticipate a closing in the first half of 2026, subject to the satisfaction or waiver of the remaining conditions to closing of the Transaction as set forth in the Arrangement Agreement (as amended by the Amendment).About WonderFiWonderFi is a leader in centralized and decentralized financial services and products.With over $2.2 billion in client assets under custody, WonderFi'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.Designed to provide investors with diversified investment exposure across the global digital ...