WonderFi Technologies Inc. to be acquired by Robinhood Markets, Inc.
Goodmans LLP is advising the Special Committee of independent directors of the board of directors of WonderFi Technologies Inc. in connection with its agreement to be acquired by a wholly owned subsidiary of Robinhood Markets, Inc.
Pursuant to the agreement, a wholly-owned subsidiary of Robinhood will acquire all of the issued and outstanding common shares of WonderFi for C$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 C$250 million. This transaction will serve as the launchpad for Robinhood to democratize finance across Canada, and enable the companies to deliver innovative, user-centric crypto products to Canadian customers.
WonderFi is a leader in centralized and decentralized financial services and products. It owns market- leading brands, including Bitbuy, Coinsquare and SmartPay, and some of the largest crypto trading platforms in Canada.Expertise
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