VANCOUVER – WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FTX: WNDR), a leading technology company with the mission of creating better access to digital assets through compliant centralized and decentralized platforms, announced today that it has closed its “bought deal” public offering of units of the Company for aggregate gross proceeds of $45 million. The Offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp. and including Cormark Securities Inc., Haywood Securities Inc. and PI Financial Corp. and consisted of the sale of 18,750,000 Units at a price of $2.40 per Unit.
The Company intends to use the net proceeds of the Offering to partially fund the purchase price of the Company’s previously announced acquisition of First Ledger Corp., the parent company of Bitbuy Technologies Inc., to fund growth initiatives and for general corporate purposes.
In connection with the Offering, the Underwriters received a cash commission equal to 6.5% of the gross proceeds from the sale of Units (other than in respect of Units sold to certain president’s list purchasers, in which case the commission was reduced to 3.25%) and non-transferable broker warrants to purchase that number of Common Shares that is equal to 6.5% of the number of Units sold pursuant to the Offering (other than in respect of Units sold to certain president’s list purchasers, in which case the number was reduced to 3.25%). Each Broker warrant entitles the holder to acquire one Common Share at a price $3.10 until February 4, 2024.
WonderFi is a leading technology company with the mission of creating better access to DeFi through the core principles of simplicity and education. WonderFi has a multi-pronged business strategy which includes a high-growth consumer finance app which will serve as a trusted gateway to the new financial system, and a digital asset portfolio which consists of leading crypto and DeFi assets. WonderFi’s executive team and Board of Directors have an established track record in finance and crypto, with previous experience at Amazon, Shopify, PayPal, Galaxy Digital and Hut 8. WonderFi’s core team of engineers and technologists believe that everyone should have equal access to finance and are aligned in the mission to empower people around the world to access DeFi in a simple, smart and secure way.