BlockBeats news, on May 13, Robinhood announced on social media that it has signed an agreement to acquire the Canadian crypto platform WonderFi. This acquisition is expected to be completed in the second half of 2025, subject to customary closing conditions including regulatory approval, court approval, and WonderFi shareholder approval.
Robinhood will acquire all issued and outstanding common shares of WonderFi at a price of CAD 0.36 per common share. The total equity value of this all-cash acquisition is approximately CAD 250 million, representing a premium of about 41% over the closing price of WonderFi common shares on the Toronto Stock Exchange (TSX) on the last trading day before the announcement and a premium of about 71% over the volume-weighted average price (VWAP) for the 30 days up to that date.
