Four fintech and cryptocurrency companies have joined forces to build one of the largest registered crypto asset trading companies in the world.
Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO), Coinsquare Ltd and Wonderfi Technologies (TSX: WNDR) (OTCQB: WONDF) and CoinSmart Financial inc. (NEO: SMRT) (FSE: IR) announced a business combination on Monday.
In this transaction, Wonderfi issued common shares to the shareholders of Coinsquare and CoinSmart. Coinsquare shareholders received 6.9 Wonderfi shares for each Coinsquare share, while CoinSmart shareholders received 1.8 Wonderfi shares for each CoinSmart share.
After the transaction, the ownership of Wonderfi is distributed as follows: existing Wonderfi shareholders own approximately 38 per cent, former Coinsquare shareholders own approximately 43 per cent, former CoinSmart shareholders own approximately 19 per cent. Also, Mogo Inc. becomes the largest shareholder with approximately 14 per…
