Business
WonderFi Technologies Inc. Establishes ATM Program
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2022) - WonderFi Technologies Inc. ...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"WonderFi Technologies Inc. Establishes ATM ProgramVancouver, British Columbia--(Newsfile Corp. - December 23, 2022) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (FTX: WNDR) (\"WonderFi\" or the \"Company\") is pleased to announce that it has established an at-the-market equity program (the \"ATM Program\") that allows the Company to distribute up to $10,000,000 of common shares in the capital of the Company (the \"Common Shares\") to the public from time to time, at the Company's discretion and subject to regulatory requirements. Any Common Shares sold through the ATM Program will be made through \"at-the-market distributions\" as defined in the Canadian Securities Administrators' National Instrument 44-102 – Shelf Distributions, including sales made through the Toronto Stock Exchange (the \"TSX\") or any other \"marketplace\" as defined under applicable securities laws, or such other sales of Common Shares by the Agent (as defined herein) on behalf of the Company in its capacity as agent to the Company as shall be agreed by the Company and the Agent in writing, at prevailing market prices. Since the Common Shares will be distributed at prevailing market prices at the time of sale, prices may vary among purchasers during the period of distribution. Distributions of the Common Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated December 23, 2022 (the \"Distribution Agreement\") entered into between the Company and Canaccord Genuity Corp. (the \"Agent\"). The volume and timing of distributions under the ATM Program, if any, will be determined at the Company's sole discretion. The Company is not obligated to make any sales of Common Shares under the ATM Program. The ATM Program will be effective until the earlier of (i) the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program, (ii) October 7, 2024, and (iii) the termination of the Distribution Agreement as permitted therein. The net proceeds of any sales of Common Shares under the ATM Program, if any, will be used for general corporate and working capital purposes.The ATM Program is being established pursuant to a prospectus supplement dated December 23, 2022 (the \"Prospectus Supplement\") to the Company's short form base shelf prospectus dated September 7, 20...