representative work

WonderFi Completes Reverse Takeover and Listing on NEO Exchange


On August 30, 2021, WonderFi Technologies Inc. (formerly Austpro Energy Corporation) acquired all of the outstanding shares of DeFi Ventures Inc. by way of a three-cornered amalgamation, pursuant to which DeFi Ventures and 1302107 B.C. Ltd., a newly formed subsidiary of WonderFi Technologies, combined their businesses to form one corporation, WonderFi Digital Inc., a wholly-owned subsidiary of WonderFi Technologies. Following closing of the transaction, WonderFi Technologies now carries on the business of DeFi Ventures. In connection with the transaction, DeFi Ventures completed two private placement transactions for gross proceeds of $23.3 million.

On August 31, 2021, WonderFi Technologies began trading on the NEO Exchange Inc. under the ticker “WNDR”.

Cassels acted for WonderFi in connection with the reserve takeover and NEO Exchange listing. Cassels also acted for PI Financial Corp. in connection with a brokered financing transaction by DeFi Ventures.