MENLO PARK, Calif. and TORONTO - Robinhood Markets Inc. (NASDAQ:HOOD) completed its acquisition of WonderFi Technologies Inc. (TSX:WNDR) today through a statutory plan of arrangement under the Business Corporations Act of British Columbia, according to a press release statement. The deal marks another expansion move for Robinhood, which currently commands a market capitalization of $81.9 billion and has delivered a 42.6% return over the past year.
Under the terms of the arrangement, Robinhood indirectly acquired all outstanding common shares of WonderFi for C$0.36 per share in cash, representing a total equity value of approximately C$250 million on a fully diluted basis.
The shares are expected to be delisted from the Toronto Stock Exchange on or about the close of trading Tuesday. WonderFi is anticipated to apply to cease being a reporting issuer under applicable Canadian securities laws.
The arrangement was originally announced on May 13, 2025, and received approval from WonderFi’s securityholders at a special meeting held on July 17, 2025. The Supreme Court of British Columbia issued a final order for the arrangement on July 21, 2025.
Following the closing of the arrangement, Wrangler Holdings Inc., a corporation formed by Robinhood to effect the transaction, owns 100% of the outstanding shares. WonderFi is now a wholly-owned subsidiary of the purchaser, with Robinhood maintaining an indirect ownership interest.
The company confirmed that all broker warrants expired in accordance with their terms on March 10, 2026, prior to the completion of the arrangement, and no consideration was payable to former holders of these warrants.
WonderFi operates regulated trading platforms in centralized and decentralized financial services and owns brands including Bitbuy, Coinsquare, and Bitcoin.ca. The company’s head office is located at 371 Front Street West, Suite 304, Toronto, Ontario.
Registered securityholders with questions about submitting their shares can contact Computershare Investor Services Inc., which is acting as depositary for the arrangement.
In other recent news, Robinhood Markets is facing a potential review by the U.S. Supreme Court over a lawsuit related to its initial public offering. The lawsuit accuses Robinhood of misleading investors about its financials and growth prospects during the IPO. Meanwhile, KeyBanc has reiterated its Overweight rating on Robinhood, highlighting recent product launches and pricing announcements. Mizuho has also raised its price target for Robinhood to $115, maintaining an Outperform rating following the launch of the company’s new AI trading feature, Agentic Trading.
Additionally, the U.S. Department of the Treasury has launched the Trump Accounts app, aimed at creating investment accounts for children. Robinhood Securities, LLC is playing a crucial role as the initial trustee for these accounts, holding assets in a fiduciary capacity. Following this launch, Robinhood’s shares experienced a minor uptick. These developments reflect ongoing strategic moves and legal challenges for Robinhood in the current market environment.
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