Robinhood Completes Acquisition of WonderFi

About this update from Wonderfi Technologies Inc

Robinhood Completes Acquisition of WonderFiMenlo Park, California & Toronto, Ontario--(Newsfile Corp. - June 1, 2026) - WonderFi Technologies Inc. (TSX: WNDR) ("WonderFi" or the "Company") is pleased to announce that Robinhood Markets, Inc. (NASDAQ: HOOD) ("Robinhood") has completed the previously announced acquisition of WonderFi pursuant to a statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). In accordance with the terms of the Arrangement, Robinhood indirectly acquired all of the issued and outstanding common shares in the capital of WonderFi (the "Shares") for C$0.36 in cash per Share, representing a total equity value of approximately C$250 million on a fully diluted basis.The Shares are expected to be de-listed from the Toronto Stock Exchange on or about the close of trading on June 2, 2026. It is anticipated that WonderFi will apply to cease to be a reporting issuer under applicable Canadian securities laws.The Arrangement was originally announced on May 13, 2025, and was approved by the Company's securityholders at a special meeting held on July 17, 2025. The Company obtained a final order in respect of the Arrangement from the Supreme Court of British Columbia on July 21, 2025.Further information regarding the Arrangement is provided in the management information circular of the Company dated June 13, 2025 (the "Circular") prepared in connection with the Arrangement and the Company's subsequent related news releases, all of which are available under the Company's profile on SEDAR+ at www.sedarplus.ca and on WonderFi's website at https://www.wonder.fi/investors. Enclosed with the Circular was a letter of transmittal explaining how registered securityholders of the Company can submit their Shares in order to receive the consideration to which they are entitled in connection with the Arrangement. Registered securityholders who have questions on how to complete the letter of transmittal should direct their questions to Computershare Investor Services Inc., who 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 [email protected]. Beneficial securityholders holding Shares that are registered in the name of an intermediary must contact their broke...

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