Mogo Inc. Common Shares - MOGO STOCK NEWS

Mogo Inc. (NASDAQ:MOGO) has appointed Allan Smith as its first Chief People Officer. Smith, with 15 years of experience in human resources, previously worked at SoFi (NASDAQ:SOFI) and Amazon (NASDAQ:AMZN). His expertise is expected to enhance Mogo's talent retention and organizational growth. CEO David Feller expressed optimism about Smith's leadership capabilities in scaling their fintech operations. Mogo serves nearly 1.8 million members with various digital financial solutions, including a prepaid card and cryptocurrency trading services.

Mogo has made a significant strategic investment in NFT Trader, acquiring an initial 25% stake with an option to increase to 50%. This move comes as NFTs gain traction, with trading volume skyrocketing to over $23 billion USD last year. Mogo's investment aims to enhance its digital asset portfolio, which was valued at approximately $150 million at the end of Q3 2021. Mogo also plans to navigate regulatory landscapes and explore partnerships to offer NFT trading to its 1.8 million Canadian members, reflecting its commitment to evolving financial technologies.

Mogo Inc. (NASDAQ:MOGO, TSX:MOGO) has launched MogoTrade, Canada's only commission-free stock trading app, offering real-time streaming quotes. The phased rollout begins in Q1 2022, allowing members to access free live stock prices and participate in commission-free trading. MogoTrade is a strategic move to tap into Canada's $8 trillion financial asset market and aims to enhance member engagement and growth. CEO David Feller emphasizes the transformation in investing towards a digital-first experience, while the President, Greg Feller, highlights this launch as a significant milestone for Mogo.

Mogo Inc. (NASDAQ:MOGO) has received final approval from the Investment Industry Regulatory Organization of Canada (IIROC) to launch MogoTrade, a commission-free stock trading solution. This milestone comes as Mogo aims to revolutionize investing for Canadians. MogoTrade is notable for being the first trading app globally that turns investments into climate action by supporting reforestation efforts in Canada. The app will be available soon, following the acquisition of MogoTrade Inc. in September 2021.

Mogo Inc. (TSX:MOGO, NASDAQ:MOGO), a leader in Canada's financial technology sector, announced key amendments to its senior credit facility with Fortress Investment Group. The changes include a reduction in the effective interest rate to 8% plus LIBOR, an increase in loan capital from $50 million to $60 million, and an extension of the maturity date to July 2, 2025. These amendments strengthen Mogo's financial position by improving cash flow and providing additional capital for growth initiatives.

Mogo announced the closing of a sale to institutional investors, totaling 6,111,112 common shares and warrants at US$4.50 per Unit, raising approximately US$27.5 million, netting around US$25.3 million. Each warrant allows purchase of a common share at US$4.70, exercisable in six months. Proceeds will be used for working capital and potential acquisitions, especially in the cryptocurrency sector. The offering was conducted under an effective shelf registration statement, with no securities offered in Canada.

Mogo Inc. (NASDAQ:MOGO, TSX:MOGO) has announced a registered direct offering to institutional investors, selling 6,111,112 common shares and warrants for a total of approximately US$27.5 million at US$4.50 per Unit. Each warrant will allow purchase of an additional common share at US$4.70. The funds will be used for working capital and potential acquisitions in the cryptocurrency sector. The offering is expected to close by December 13, 2021, pending customary conditions.

Mogo Inc. has announced a new minority investment in Gemini's recent US$400 million financing round led by Morgan Creek Digital. This investment complements Mogo's existing portfolio worth approximately $150 million, which includes substantial holdings in cryptocurrency platforms, gaming companies, and emerging metaverse opportunities. Key investments include ownership stakes in Coinsquare, Tetra Trust, and Enthusiast Gaming (NASDAQ:EGLX). Mogo aims to enhance its fintech platform and digital wallet capabilities through this strategic shift.

Mogo Inc. (NASDAQ:MOGO, TSX:MOGO), a digital payments and financial technology company, announced that President Greg Feller will participate in the Raymond James Technology Investors Conference from December 6-8, 2021. He will also be available for one-on-one meetings with interested investors through their Raymond James representatives.

Mogo empowers nearly 1.8 million members with digital solutions for financial improvement, including a spending account, Mogo Visa Platinum Prepaid Card, and features for buying bitcoin, credit monitoring, and personal loans. More at mogo.ca.