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.