- Mogo Inc. (MOGO, Financial) seeks to extend the expiry dates of 1,120,371 common share purchase warrants by a year to June 13, 2026.
- The extension is subject to approval by the Toronto Stock Exchange and warrantholders.
- No company insiders hold any of the Warrants directly or indirectly.
Mogo Inc. (NASDAQ:MOGO; TSX:MOGO), a leading digital wealth and payments company, has submitted an application to the Toronto Stock Exchange (TSX) to extend the expiry date of 1,120,371 common share purchase warrants issued in a US$27.5 million Registered Direct offering from December 2021. The Warrants are currently set to expire on June 13, 2025, and the proposed extension aims to push this date to June 13, 2026.
The Warrants comprise 101,852 units with an exercise price of US$16.875 per common share and 1,018,519 units priced at US$14.10 per common share. Each Warrant allows the holder to acquire one common share of Mogo, with all other terms remaining the same post-extension.
This extension plan awaits approval from both the TSX and the warrantholders. If approved, the new expiry date will take effect ten business days post-announcement, during which the Warrants cannot be exercised from June 13, 2025, until the effective date. Importantly, no insiders of Mogo hold these Warrants, either directly or indirectly.
Mogo Inc. is a financial technology firm providing innovative solutions in the wealth, lending, and payments sectors, especially geared towards the Canadian market. The company aims to enhance consumer financial health through a combination of technology, behavioral science, and financial tools.
