MOGO - Agreement Looks to Create Canada's Leading Crypto Platform

2023-04-03 14:02:33 ET

%Crypto is once again leading markets — and the combination of these three businesses looks to create Canada’s leading public and only regulated %Crypto AssetTrading platform.

One of Canada’s leading technology companies, %MogoInc . (NASDAQ: ) (TSX: ) announced in its press release today that Mono, %WonderFiTechnologies (TSX: ) (OTCQB: and %CoinSmartFinancial have entered into a business combination agreement to combine their respective businesses.

Mogo is Coinsquare’s largest shareholder and is expected to be the largest shareholder of the publicly traded combined company following closing of the transaction. Greg Feller, President and CEO said, “This is a milestone transaction for the crypto industry, creating a unique investment opportunity with the leading crypto exchange in Canada. We believe the scale and diversification of this combination leaves them well positioned to build long-term value for shareholders and we congratulate the companies on this transaction.”

Shoes of Mogo were trading at $0.87 in afternoon trade.