WonderFi

Canaccord Genuity Acts as Financial Advisor to WonderFi Technologies Inc. on its Announced Sale to Robinhood Markets, Inc.

Canaccord Genuity is pleased to announce that, on May 13, 2025, WonderFi Technologies Inc. (“WonderFi”) (TSX: WNDR; OTCQB: WONDF; WKN: A3C166), a Canadian leader in centralized and decentralized financial services, announced that it has entered into a definitive arrangement agreement pursuant to which Robinhood Markets, Inc.  (“Robinhood”) (NASDAQ: HOOD) and a wholly owned subsidiary of Robinhood will acquire all of the issued and outstanding common shares of WonderFi.

Under the terms of the arrangement agreement, WonderFi shareholders will receive C$0.36 in cash per WonderFi share. The purchase price represents a (i) total equity value of approximately C$250 million; (ii) a premium of approximately 41% to the closing price of WonderFi shares on the TSX on May 12, 2025; and (iii) a premium of approximately 71% to the 30-day VWAP per WonderFi share as at that date. In connection with the Arrangement, certain Shareholders as well as the directors and certain officers of the Company collectively holding approximately 28% of the issued and outstanding common shares have entered into customary voting support agreements to vote their shares in favour of the transaction, subject to the terms thereof.

Canaccord Genuity is acting as a financial advisor to WonderFi and provided a fairness opinion to the Board of Directors.