Toronto, Ontario--(Newsfile Corp. - December 19, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company") today announced that it has entered into an amending agreement (the "Amendment") to the arrangement agreement dated May 12, 2025 (the "Arrangement Agreement") with Robinhood Markets, Inc. (NASDAQ: HOOD) ("Robinhood") providing for, among other things, an extension to the outside date for completion of the proposed indirect acquisition by Robinhood of all the issued and outstanding common shares in the capital of WonderFi (the "Transaction") to June 1, 2026.
As previously disclosed, WonderFi and Robinhood have advanced planning for post-closing integration to facilitate Robinhood's deployment of its proprietary technology in Canada. The Amendment provides the additional time that is required for the parties to complete the integration enhancements that require additional development work and regulatory approval.
"Our excitement for the transaction with Robinhood remains unwavering, as we usher in a new era of democratized finance in Canada. The Amendment provides a clear path for WonderFi and Robinhood to advance integration enhancements and regulatory approval as we work toward closing in the first half of 2026," said Paul Pathak, Chair of the Special Committee.
"Robinhood remains committed to advancing our mission in Canada with WonderFi. We look forward to delivering innovative, user-centric crypto products to Canadian customers," said Johann Kerbrat, SVP and GM of Robinhood Crypto.
WonderFi continues to anticipate a closing in the first half of 2026, subject to the satisfaction or waiver of the remaining conditions to closing of the Transaction as set forth in the Arrangement Agreement (as amended by the Amendment).
About WonderFi
WonderFi is a leader in centralized and decentralized financial services and products.
With over $2.2 billion in client assets under custody, WonderFi's regulated trading platforms are well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, and Bitcoin.ca.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi.
Additional Information
For additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fi
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities legislation. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements include, without limitation, statements regarding: the anticipated closing of the Transaction, Robinhood's deployment of its proprietary technology upon closing, and the satisfaction of the conditions to closing of the Transaction.
In connection with the forward-looking information contained in this press release, the Company has made certain assumptions, including that none of the risks identified below materialize, there are no unforeseen changes to economic and market conditions, no significant events occur outside the ordinary course of business and other expectations and assumptions concerning the Transaction. While these opinions, estimates and assumptions are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this press release, they are subject to known and unknown risks and uncertainties including, but are not limited to: the risk of the parties being unable to complete, in a timely manner, pre-closing integration work or not receiving the necessary regulatory approvals to allow the Transaction to close; the risk that the parties are unable to satisfy, in a timely manner, the other conditions for the completion of the Transaction, and the possibility that the Transaction will not be completed on the terms and conditions, or on the timing, currently contemplated. A more comprehensive description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi or the Transaction are set out in the Company's management information circular dated November 14, 2025, and its most recent annual information form and management's discussion and analysis and financial statements, which are available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.
If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the Company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278683
Source: WonderFi Technologies Inc.
