Mr. Charlie Aikenhead reports
WONDERFI ANNOUNCES EXTENSION OF OUTSIDE DATE FOR ROBINHOOD TRANSACTION
Robinhood Markets Inc. (Nasdaq: HOOD) has exercised its right to extend the outside date for completion of its indirect acquisition of all of the issued and outstanding common shares in the capital of Wonderfi Technologies Inc. The new outside date for the transaction is Dec. 19, 2025.
As previously disclosed, Wonderfi and Robinhood have advanced planning for postclosing integration to facilitate Robinhood's deployment of its proprietary technology. Due to the fact that certain of the integration enhancements require additional development work and regulatory approval, Wonderfi anticipates that the transaction will close in the first half of 2026, subject to the satisfaction or waiver of the remaining conditions to closing of the transaction as set forth in the arrangement agreement dated May 12, 2025. The parties are discussing an amendment to the arrangement agreement that Wonderfi expects will, subject to final agreement, further extend the outside date of the transaction to allow for the additional time required to close the transaction.
About Wonderfi Technologies Inc.
Wonderfi is a leader in centralized and decentralized financial services and products.
With over $1.9-billion in client assets under custody, Wonderfi's regulated trading platforms are well positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the company has a proven record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare and Bitcoin.ca.
As the world continues to move on chain, Wonderfi is strategically placed to capture both market and wallet share through continuing innovation within the digital asset space.
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