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On May 13, 2025, WonderFi Technologies Inc. entered into a definitive arrangement agreement with Robinhood Markets, Inc. and a wholly owned subsidiary of Robinhood.
Pursuant to the definitive arrangement agreement, the whole owned subsidiary of Robinhood will acquire all of the issued and outstanding common shares of WonderFi for $0.36 per common share by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia).
The all-cash purchase price represents a total equity value of approximately $250 million on a fully diluted, in-the-money basis.
This deal is expected to close in the second half of 2025.
Cassels is acting for WonderFi and Goodmans is representing the WonderFi special committee. Davies is acting for Robinhood.
Parties
Company
WonderFi Technologies Inc.
Company
Robinhood Markets, Inc.
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
$ 250,000,000Deal Status
ActiveClosing Date