WONDERFI TECHNOLOGIES INC - WONDF STOCK NEWS

WonderFi Technologies Inc. has entered into a cooperation agreement with KAOS Capital , resulting in changes to its Board of Directors and annual meeting date. The Agreement will see nine director nominees standing for election at the upcoming Annual Meeting on May 24, 2024, with a focus on long-term value creation for shareholders. Additionally, Mogo Inc. has agreed to a managed divestiture program and a modified voting support agreement, aligning with WonderFi's strategy. The Company is optimistic about future growth and profitability opportunities in the crypto and digital assets market.

WonderFi's Bitbuy acquires Bitstamp's Canadian clients, expanding its total client accounts to over 1.75 million Canadians. The acquisition of 110,000+ client accounts includes both retail and institutional clients. WonderFi expects minimal additional operating costs and plans to share revenues from the acquired business.

WonderFi Technologies Inc. appoints Jaime Leverton and Noel Biderman to its Board of Directors, with Bobby Halpern as Chairman. Leverton and Biderman bring extensive experience in technology, crypto, and brand building, enhancing the Board's skill set. The refreshment practices aim to drive shareholder value and ensure compliance with regulators. Leverton's background includes leadership roles at Hut 8 Mining Corp., eStruxture Data Centers, and Cogeco Peer 1, while Biderman's experience spans Avenue Insights, Bitbuy, and Avid Life Media Inc. Halpern, a current Board member, led the private buy-out of Bitbuy. Directors Christopher Marsh and Nicholas Thadaney step down, with Thadaney continuing on the CCML board and as a nominee on Tetra's board. Marsh will also join the CCML board. The Company expresses gratitude for their contributions and looks forward to leveraging Leverton's and Biderman's expertise for future growth.

WonderFi Technologies Inc. provides an update to shareholders regarding the Special Committee investigation into Mogo Inc.'s potential violations of Canadian securities laws and contractual obligations. The investigation focuses on undisclosed voting agreements and potential breaches of the standstill provision of the investor rights agreement. WonderFi is taking steps to uncover the truth behind Mogo's actions.

WonderFi Technologies Inc. announces a normal course issuer bid to repurchase up to 25,126,596 of its common shares, representing approximately 6.6% of the public float, with the belief that it is a beneficial use of available cash.

WonderFi Technologies Inc. expects positive EBITDA of $5.5 to $6.5 million for the quarter as a result of significant net revenue growth and strong cash and digital assets balance. The company's Q1 financial guidance includes a 42% increase in net revenue compared to Q4 2023, with over $50.0 million in cash and digital assets as of March 31, 2024.

WonderFi faces a challenge from Mogo and KAOS Capital as they aim to gain control of the company without offering a premium to shareholders. WonderFi reaffirms its commitment to creating value for all shareholders through strong performance and financial results. The company's Board is engaged in a battle to maintain control and protect shareholder interests amidst the actions of Mogo and KAOS. Despite the ongoing challenges, WonderFi has shown significant growth and financial improvements post-merger, with positive revenue and EBITDA numbers in Q4 2023.

WonderFi Technologies Inc. (WONDF) reports impressive Q4 2023 financial results with record quarterly revenue of $12.9 million, a 395% increase from Q4 2022. The company generated positive EBITDA of $6.7 million, processed over $2.5 billion in crypto trading volumes, and had total cash, digital assets, and investments of $57.3 million as of December 31, 2023.

WonderFi Technologies Inc. announced the acquisition of FX Institutions Pty. in Australia to offer crypto trading and payment remittances. The company plans to launch OTC trading services in Australia in Q2 2024, with a comprehensive suite of offerings for retail and institutional traders in Q3 2024. Australia has the highest rate of cryptocurrency adoption among developed nations at 23%, providing a significant growth opportunity for WonderFi.