Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Lead Director Wendy Rudd was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Mar 19
WonderFi Technologies Inc., Annual General Meeting, Jul 02, 2026 WonderFi Technologies Inc., Annual General Meeting, Jul 02, 2026. 공시 • May 13
Robinhood Markets, Inc. (NasdaqGS:HOOD) entered into a definitive agreement to acquire WonderFi Technologies Inc. (TSX:WNDR) for approximately CAD 240 million. Robinhood Markets, Inc. (NasdaqGS:HOOD) entered into a definitive agreement to acquire WonderFi Technologies Inc. (TSX:WNDR) for approximately CAD 240 million on May 13, 2025. Pursuant to the Arrangement Agreement, the Robinhood will acquire all of the issued and outstanding common shares of the Company for CAD 0.36 per Common Share. The all-cash purchase price represents a total equity value of approximately CAD 250 million on a fully diluted, in-the-money basis. The transaction will be financed through equity investment of CAD 250 million. In case of termination of transaction, WonderFi will pay a termination fee of CAD 10.70 million. A special committee of independent directors of the board of directors of WonderFi (the "Board") was established to consider and evaluate the proposed transactions that ultimately led to entering into the Arrangement Agreement.
The Arrangement is also subject to customary conditions, including approval of the Supreme Court of British Columbia, approval under the Competition Act (Canada) and the approvals of the Canadian Securities Administrators and the Canadian Investment Regulatory Organization and shareholder approval. Accordingly, the Special Committee unanimously recommended that the Board approve the Arrangement. Subject to satisfaction of such conditions The Board of Directors of WonderFi Technologies Inc. formed a special committee for the transaction. The expected completion of the transaction is during the second half of 2025.
Financial Technology Partners and Canaccord Genuity Corp. acted as financial advisor and provided fairness opinion to WonderFi. Origin Merchant Partners acted as the Special Committee's financial advisor and provided fairness opinion of WonderFi. PowerOne Capital Markets Limited acted as financial advisor to WonderFi. Goodmans LLP acted as legal counsel to the Special Committee of WonderFi. Cassels Brock & Blackwell LLP acted as legal counsel to WonderFi, and Mintz LLP acted as regulatory counsel to WonderFi. J.P. Morgan Securities, LLC acted as exclusive financial advisor to Robinhood and Davies Ward Phillips & Vineberg LLP acted as its legal counsel. 공시 • Jan 18
Wonderfi Technologies Inc. Appoints Paul Pathak to the Board of Directors WonderFi Technologies Inc. announced the appointment of Paul Pathak to the Board of Directors of WonderFi, effective January 17, 2025. The appointment of Paul Pathak is consistent with the Board's refreshment practices, that consider the mix of skills, experience, expertise, and tenure, among members of the Board. Mr. Pathak is a partner at a Toronto-based law firm and has extensive public market expertise, having served on the boards of public companies on both the Canadian and American stock exchanges. Paul was called to the Ontario Bar in 1994 and practices principally in the areas of corporate, securities, corporate finance, mergers and acquisitions and commercial law. Board Change • Dec 30
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (8 non-independent directors). Chairman of the Board Bobby Halpern is the most experienced director on the board, commencing their role in 2023. Independent Lead Director Wendy Rudd was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 06
Third quarter 2024 earnings released: CA$0.007 loss per share (vs CA$0.016 loss in 3Q 2023) Third quarter 2024 results: CA$0.007 loss per share (improved from CA$0.016 loss in 3Q 2023). Revenue: CA$7.16m (down 28% from 3Q 2023). Net loss: CA$4.23m (loss narrowed 58% from 3Q 2023). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Reported Earnings • Aug 08
Second quarter 2024 earnings released: CA$0.004 loss per share (vs CA$0.016 loss in 2Q 2023) Second quarter 2024 results: CA$0.004 loss per share (improved from CA$0.016 loss in 2Q 2023). Revenue: CA$12.0m (up 21% from 2Q 2023). Net loss: CA$2.49m (loss narrowed 75% from 2Q 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Capital Markets industry in Germany. New Risk • May 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.4m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk Market cap is less than US$100m (€92.4m market cap, or US$99.9m). Reported Earnings • May 09
First quarter 2024 earnings released First quarter 2024 results: EPS: CA$0.008. Net income: CA$4.96m (up CA$4.96m from 1Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Capital Markets industry in Germany. 공시 • May 05
WonderFi Technologies Inc. to Report Q1, 2024 Results on May 09, 2024 WonderFi Technologies Inc. announced that they will report Q1, 2024 results Pre-Market on May 09, 2024 New Risk • Apr 01
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CA$17m Forecast net loss in 1 year: CA$11m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$18m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$11m net loss next year). Reported Earnings • Mar 30
Full year 2023 earnings released: CA$0.038 loss per share (vs CA$0.27 loss in FY 2022) Full year 2023 results: CA$0.038 loss per share (improved from CA$0.27 loss in FY 2022). Revenue: CA$28.3m (up 94% from FY 2022). Net loss: CA$16.7m (loss narrowed 71% from FY 2022). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Capital Markets industry in Germany. 공시 • Mar 29
KAOS Capital Ltd Intends to Nominate Candidates to the Board of WonderFi Technologies On March 27, 2024, KAOS Capital Ltd. announced that it intends to nominate 5 individuals to the WonderFi Technologies Inc. Board of Directors ahead of the annual general meeting scheduled to be held on May 21, 2024.KAOS and Mogo have entered into a voting agreement where Mogo will support 5 nominees put forth by KAOS. Recent Insider Transactions • Mar 07
Independent Director recently bought €123k worth of stock On the 28th of February, Gordon Paterson bought around 656k shares on-market at roughly €0.19 per share. This transaction increased Gordon's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €239k more in shares than they have sold in the last 12 months. 공시 • Mar 01
WonderFi Technologies Inc., Annual General Meeting, May 21, 2024 WonderFi Technologies Inc., Annual General Meeting, May 21, 2024. New Risk • Jan 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €84.6m (US$92.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$38m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$14m net loss next year). Market cap is less than US$100m (€84.6m market cap, or US$92.2m). Recent Insider Transactions • Jan 21
Director recently bought €59k worth of stock On the 18th of January, Michael Wekerle bought around 400k shares on-market at roughly €0.15 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €101k more in shares than they have sold in the last 12 months. 공시 • Jan 09
Wonderfi Technologies Inc. Provides Revenue Guidance for the Fourth Quarter of 2023 WonderFi Technologies Inc. provided revenue guidance for the fourth quarter of 2023. For the quarter, the company expects $12.5 to $13 Million. At the mid-point, this represents an increase of 29% compared to Third Quarter 2023. Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: CA$0.016 loss per share. Net loss: CA$10.0m (flat on 3Q 2022). Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Capital Markets industry in Germany. Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: CA$0.014 loss per share. Net loss: CA$3.49m (flat on 2Q 2022). Revenue is forecast to grow 60% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. 공시 • Jul 15
WonderFi Technologies Inc. Announces Chief Financial Officer Changes WonderFi Technologies Inc. announced the appointment of Gordon Brocklehurst as Chief Financial Officer of the company, effective July 14, 2023. The company's Interim Chief Financial Officer, Andeena Wen, will continue to work with the Company. Gordon Brocklehurst previously served as the Chief Financial Officer of CoinSmart Financial Inc. Mr. Brocklehurst is a Chartered Professional Accountant with over 30 years of senior financial and operational experience. He is a member of the Ontario and Canadian Institutes of Chartered Professional Accountants. Mr. Brocklehurst has extensive experience in corporate financings, mergers &acquisitions, financial reporting and compliance in both private and public markets including the TSX and NYSE. 공시 • Jul 12
WonderFi Technologies Inc. Appoints Dean Skurka as the Permanent Chief Executive Officer WonderFi Technologies Inc. announced the official appointment of Dean Skurka as the permanent Chief Executive Officer, effective July 11, 2023. This appointment comes after the announcement on July 10, 2023, of the successful business combination transaction with Coinsquare and CoinSmart, marking a significant milestone for the company. Mr. Skurka has been a pivotal figure at WonderFi, serving as President and Interim-Chief Executive Officer since October 24, 2022. With his wealth of experience and expertise, Skurka is poised to lead WonderFi into an exciting new phase of growth and development.