Robinhood will acquire the Canadian crypto platform WonderFi for 250 million CAD

BlockBeats News, May 13th, Robinhood announced on its social media platform that it has signed an agreement to acquire the Canadian crypto platform WonderFi. The acquisition is expected to be completed in the second half of 2025, subject to customary closing conditions, including regulatory approvals, court approvals, and WonderFi shareholder approval.

Robinhood will acquire all of WonderFi's issued and outstanding common shares at a price of 0.36 Canadian dollars per common share. The total equity value of this all-cash acquisition is approximately 250 million Canadian dollars, 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 of the transaction, and about 71% premium over the 30-day volume-weighted average price (VWAP) up to that day.