- WonderFi Technologies Inc. (WNDR) securityholders approved its acquisition by Robinhood Markets' subsidiary.
- The acquisition arrangement received approval from approximately 96% of votes cast at the special meeting.
- The deal is expected to close in the second half of 2025, pending all conditions are met.
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) announced that its securityholders have overwhelmingly approved the acquisition by Wrangler Holdings Inc., a subsidiary of Robinhood Markets, Inc. (NASDAQ: HOOD). In a special meeting, 96.28% of WonderFi shareholders present voted in favor of the acquisition under a statutory plan of arrangement governed by British Columbia's Business Corporations Act.
Additionally, 96.3% of the combined votes from shareholders and brokers warrant holders supported the acquisition. The arrangement specifies that shareholders will receive a consideration of C$0.36 per share, while brokers warrant holders will receive a payout equivalent to the Black-Scholes value of their warrants. The total votes cast represented approximately 48.36% of all issued shares as of the record date.
The next step in finalizing the arrangement is securing a final order from the Supreme Court of British Columbia, expected around July 21, 2025. The transaction is anticipated to conclude in the latter half of 2025, contingent upon satisfying all conditions outlined in the agreement dated May 12, 2025.
In a related development, WonderFi's earnout rights holders have also approved amendments to their rights indenture, with 98.04% voting in favor. These amendments adjust the timeline and total payment for the last interim earnout period, resulting in a revised aggregate payment of $199,396.
WonderFi, known for its centralized and decentralized financial products, manages over $1.7 billion in client assets. It operates through notable brands such as Bitbuy, Coinsquare, and Bitcoin.ca, offering diversified investment exposure across the global digital asset market.
