Latest news with #Mogo
National Post
21-07-2025
- Business
- National Post
Mogo's WonderFi Stake Set for Monetization Following Shareholder Approval of Robinhood Acquisition
Article content Paves the way for expanded Bitcoin treasury strategy and strategic investments in Mogo's digital finance platform Article content VANCOUVER, British Columbia — Mogo Inc. (NASDAQ: MOGO; TSX: MOGO), a digital wealth and payments company, today provided an update on the previously announced acquisition of WonderFi Technologies Inc. ('WonderFi') by Robinhood Markets, Inc. ('Robinhood'). Article content On July 17, 2025, WonderFi announced that its securityholders voted in favor of the proposed acquisition at a special meeting of securityholders. The full voting results and next steps can be found in WonderFi's press release. Article content Mogo is WonderFi's largest shareholder, holding approximately 82 million common shares of the company. Article content 'We're pleased to see WonderFi shareholders strongly support this transaction, which marks another step forward toward closing,' said Greg Feller, President of Mogo. 'As WonderFi's largest shareholder, we expect this deal to unlock significant liquidity that will further strengthen our balance sheet and enhance our strategic flexibility.' Article content Feller added, 'This event is a meaningful catalyst for Mogo. It gives us the opportunity to make strategic investments in our platform while continuing to increase our exposure to Bitcoin, consistent with our long-standing belief in Bitcoin as a superior long-term store of value. As always, we intend to allocate capital with discipline and maintain Bitcoin as our benchmark hurdle rate.' Mogo was among the first publicly traded companies in Canada to adopt Bitcoin as a treasury asset in 2020 and has consistently expressed its conviction in the long-term value of Bitcoin. Mogo recently approved an expanded Bitcoin treasury authorization of up to C$50 million and expects to update shareholders following the closing of the WonderFi transaction. The transaction is expected to close in the second half of 2025 and remains subject to customary regulatory approvals and other closing conditions. Article content About Mogo Article content Mogo Inc. is on a mission to build the future of intelligent finance, empowering consumers to grow wealth through a suite of innovative financial products and a capital strategy anchored by Bitcoin. The company's platform combines digital wealth management and lending with a growing commitment to hard asset capital allocation. Mogo is publicly listed on the NASDAQ and TSX. Article content Forward-Looking Statements Article content This news release may contain 'forward-looking statements' within the meaning of applicable securities legislation, including statements regarding the expected closing of the WonderFi-Robinhood transaction, Mogo's Bitcoin treasury strategy, Mogo's capital allocation strategy, and Mogo's strategic initiatives in respect of its digital finance platform. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements are typically identified by words such as 'may', 'will', 'could', 'would', 'anticipate', 'believe', 'expect', 'intend', 'potential', 'estimate', 'budget', 'scheduled', 'plans', 'planned', 'forecasts', 'goals' and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo's growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, including receipt of applicable regulatory approvals in respect of its products, many of which are outside of Mogo's control. For a description of the risks associated with Mogo's business please refer to the 'Risk Factors' section of Mogo's current annual information form, which is available at and Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. Article content Article content Article content Article content Contacts Article content Article content Article content
Business Wire
21-07-2025
- Business
- Business Wire
Mogo's WonderFi Stake Set for Monetization Following Shareholder Approval of Robinhood Acquisition
VANCOUVER, British Columbia--(BUSINESS WIRE)--Mogo Inc. (NASDAQ: MOGO; TSX: MOGO), a digital wealth and payments company, today provided an update on the previously announced acquisition of WonderFi Technologies Inc. ('WonderFi') by Robinhood Markets, Inc. ('Robinhood'). On July 17, 2025, WonderFi announced that its securityholders voted in favor of the proposed acquisition at a special meeting of securityholders. The full voting results and next steps can be found in WonderFi's press release. Mogo is WonderFi's largest shareholder, holding approximately 82 million common shares of the company. 'We're pleased to see WonderFi shareholders strongly support this transaction, which marks another step forward toward closing,' said Greg Feller, President of Mogo. 'As WonderFi's largest shareholder, we expect this deal to unlock significant liquidity that will further strengthen our balance sheet and enhance our strategic flexibility.' Feller added, 'This event is a meaningful catalyst for Mogo. It gives us the opportunity to make strategic investments in our platform while continuing to increase our exposure to Bitcoin, consistent with our long-standing belief in Bitcoin as a superior long-term store of value. As always, we intend to allocate capital with discipline and maintain Bitcoin as our benchmark hurdle rate.' Mogo was among the first publicly traded companies in Canada to adopt Bitcoin as a treasury asset in 2020 and has consistently expressed its conviction in the long-term value of Bitcoin. Mogo recently approved an expanded Bitcoin treasury authorization of up to C$50 million and expects to update shareholders following the closing of the WonderFi transaction. The transaction is expected to close in the second half of 2025 and remains subject to customary regulatory approvals and other closing conditions. About Mogo Mogo Inc. is on a mission to build the future of intelligent finance, empowering consumers to grow wealth through a suite of innovative financial products and a capital strategy anchored by Bitcoin. The company's platform combines digital wealth management and lending with a growing commitment to hard asset capital allocation. Mogo is publicly listed on the NASDAQ and TSX. Forward-Looking Statements This news release may contain 'forward-looking statements' within the meaning of applicable securities legislation, including statements regarding the expected closing of the WonderFi-Robinhood transaction, Mogo's Bitcoin treasury strategy, Mogo's capital allocation strategy, and Mogo's strategic initiatives in respect of its digital finance platform. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements are typically identified by words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo's growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, including receipt of applicable regulatory approvals in respect of its products, many of which are outside of Mogo's control. For a description of the risks associated with Mogo's business please refer to the 'Risk Factors' section of Mogo's current annual information form, which is available at and Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
Globe and Mail
14-07-2025
- Business
- Globe and Mail
Digital Commodities Announces Closing of Final Tranche of Fully Subscribed $2 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2025) - Digital Commodities Capital Corp. (CSE: DIGI) (OTCQB: DGCMF) (FSE: W040) (" Digital Commodities" or the " Company") is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement (the " Financing"), bringing total gross proceeds raised to date under the Financing to $2 million. The Company is pleased to confirm that the entire offering was fully subscribed, reflecting strong and sustained investor interest in Digital Commodities' strategy and outlook. Notably, Mogo Inc. (TSX: MOGO) (NASDAQ: MOGO), a leading Canadian financial technology company, participated in the Financing as a strategic investor with a cornerstone investment of $1 million, as previously disclosed in the Company's July 10, 2025 news release. Mogo's participation represents a meaningful endorsement of Digital Commodities' approach to leveraging non-fiat assets as functional reserves for long-term value creation. Brayden Sutton, CEO of Digital Commodities, commented: " This financing marks another important milestone as we continue to build a differentiated platform anchored in non-fiat assets. The momentum we're seeing from investors underscores growing confidence in our approach-and in the role that Bitcoin can play as a foundational tool in the next chapter of capital markets. We're focused, aligned, and energized to deploy this capital with discipline and seize the opportunities ahead." The second tranche consisted of the issuance of 13,333,332 units of the Company (each, a " Unit") at a price of $0.075 per Unit for gross proceeds of $1 million. Each Unit consists of one common share and one common share purchase warrant (each, a " Warrant"), with each Warrant exercisable to acquire one additional common share at a price of $0.10 for a period of two years from the closing date, subject to acceleration. The net proceeds from this tranche of the Financing will be used to advance Digital Commodities' dual-pronged treasury strategy focused on acquiring Bitcoin and gold-two of the most resilient stores of value in history. These assets will serve as functional capital for opportunistic, value-accretive investments that align with the Company's long-term vision. Proceeds will also support general corporate purposes. In connection with the Financing, the Company paid finders fees of $13,680 in cash commission, 1,066,666 common shares of the Company and 1,249,066 finder warrants (" Finder Warrants"). Each Finder Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.10 per share for a period of two years from the date issuance. The common shares and the Finder Warrants are subject to a four month and one day hold period in accordance with applicable securities laws. The Units were offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, and are not subject to resale restrictions under applicable Canadian securities laws. The Warrants are subject to an acceleration clause effective October 31, 2025, whereby the Company may accelerate their expiry if its shares trade at or above $0.20 for 10 consecutive trading days. An offering document related to the Financing is available under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read this offering document before making an investment decision. About Digital Commodities Capital Corp. Digital Commodities is a public investment issuer building a differentiated capital platform, primarily focused on acquiring Bitcoin and precious metals. The Company's mission is to establish a hard, non-fiat asset base and manage it with discipline-leveraging these assets as functional reserves in pursuit of long-term value creation. All capital decisions are guided by a sound money philosophy. On behalf of the board of directors of Digital Commodities Brayden Sutton Chief Executive Officer and Director Disclaimer Forward-Looking Statements This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include, without limitation, statements regarding the anticipated use of the net proceeds of the Financing, the Company's plan to build a differentiated platform anchored in real, non-fiat assets, the role that Bitcoin can play as a foundational tool in the next chapter of capital markets, and Digital's plan to deploy the capital with discipline and seize the opportunities ahead. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company's expectations regarding the role that Bitcoin will play in the next chapter of capital markets will prove to be accurate, that the Company will receive the expected benefits from the Financing, that the Financing will increase shareholder value, that Bitcoin will become increasingly relevant in the evolution of global value exchange, that the Company will build a differentiated platform anchored in real, non-fiat assets and deploy its capital with discipline and seize the opportunities ahead and that the Company will use the net proceeds of the Financing as currently anticipated. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company's expectations regarding the role that Bitcoin will play in the next chapter of capital markets will prove to be inaccurate, that the Financing will fail to increase shareholder value, that the Company will fail to build a differentiated platform anchored in real, non-fiat assets and deploy its capital with discipline, that the price of Bitcoin will drop significantly, that the Company will fail to complete the Financing on the terms disclosed, or at all, that Digital will fail to leverage non-fiat assets like Bitcoin in a pragmatic, transactional capacity, that Digital will fail to build a differentiated public platform focused on acquiring and deploying alternative forms of value as functional equivalents to fiat currency for the purpose of sourcing and completing strategic investments, that Bitcoin will fail to become increasingly relevant in the evolution of global value exchange, that Bitcoin will not be a successful store of value and/or inflation hedge, that the Company's business plans will change, that the Company will fail to remain focused on disciplined capital allocation, transparency, and long-term value creation, that the Company will not use the net proceeds of the Financing as currently anticipated, that the Financing will not close within the time frame expected, adverse changes to the cryptocurrency industry, adverse changes to cryptocurrency regulations, general economic, market or business conditions, uninsured risks, other regulatory changes and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
Globe and Mail
13-07-2025
- Business
- Globe and Mail
Mogo Acquires 9% Stake in Bitcoin & Gold Treasury Company Digital Commodities Capital Corp.
Mogo Inc. ('Mogo' or the 'Company') (NASDAQ: MOGO; TSX: MOGO), a Canadian fintech on a mission to build the future of intelligent finance, empowering consumers to grow wealth through innovative financial products and a capital strategy anchored by Bitcoin, today announced it has completed a strategic investment of approximately 9% in Digital Commodities Capital Corp. ('Digital Commodities') (CSE: DIGI; OTCQB: DGCMF). Digital Commodities is a publicly listed investment issuer building a differentiated capital platform, primarily focused on acquiring and holding Bitcoin and physical gold. These hard, non-fiat assets serve as the foundation of the company's treasury strategy and are intended to function as long-term reserves managed with discipline and transparency. 'We believe Digital Commodities is building something foundational, an asset-backed public company model built on Bitcoin and gold,' said Greg Feller, President & Co-founder of Mogo. 'That's a category-defining strategy we're excited to be aligned with as both operators and long-term believers in Bitcoin.' 'We're equally excited to work with Brayden Sutton and his team, who bring deep conviction, vision, and expertise to this emerging asset class,' added Greg Feller. Digital Commodities' model is inspired by sound money principles and designed to offer public market investors access to the two most enduring stores of value in history, without dilution through operating businesses or speculative diversification. Mogo's investment reinforces the company's momentum and positions it to scale its hard asset balance sheet model in public markets. Mogo's $1 million investment was made as part of Digital Commodities' non-brokered private placement and consisted of a subscription for 13.3 million units priced at $0.075 per unit. Each unit of Digital Commodities consists of one common share and one warrant to purchase a common share exercisable at $0.10. This investment will be held alongside Mogo's other crypto-related investments, including its minority stake in Gemini, further advancing its strategic exposure to Bitcoin and the broader digital asset ecosystem. This also supports Mogo's broader vision as a dual-compounding platform, combining a high-growth fintech operating business with a strategic Bitcoin treasury. Earlier this month, Mogo announced board authorization to allocate up to $50 million to Bitcoin, reinforcing its long-term conviction in hard assets as the cornerstone of capital preservation and growth. About Mogo Mogo Inc. is on a mission to build the future of intelligent finance, empowering consumers to grow wealth through a suite of innovative financial products and a capital strategy anchored by Bitcoin. The company's platform combines digital wealth management and lending with a growing commitment to hard asset capital allocation. Mogo is publicly listed on the NASDAQ and TSX. Digital Commodities is a public investment issuer building a differentiated capital platform, primarily focused on acquiring and holding Bitcoin and physical gold. The Company's mission is to establish a hard, non-fiat asset base and manage it with discipline, leveraging these assets as functional reserves in pursuit of long-term value creation. All capital decisions are guided by a sound money philosophy.
Yahoo
13-07-2025
- Business
- Yahoo
Mogo Pops 4.5% After Doubling Down on Bitcoin and Gold
Mogo (MOGO, Financials) shares rose 4.5% Thursday after the Canadian fintech firm announced a fresh $1 million investment in Digital Commodities Capital Corp; the move pushes Mogo further into the world of Bitcoin and hard assets. Warning! GuruFocus has detected 7 Warning Signs with MOGO. The investment gives Mogo a 9% stake in Digital Commodities; a company focused on holding both Bitcoin and physical gold. As part of the deal, Mogo participated in a private placementsnapping up 13.3 million units at CA$0.075 per unit; each unit comes with a share and a warrant exercisable at CA$0.10. Greg Feller, Mogo's president and co-founder, called the move foundational; he said the company believes in building alongside asset-backed public companiesespecially those rooted in Bitcoin and gold. It's not a one-off bet; Mogo recently announced plans to allocate up to $50 million to Bitcoin as part of a broader long-term strategy. The firm wants to pair its high-growth fintech platform with digital assets; essentially blending software and store-of-value into one dual-compounding engine. This latest deal also adds to Mogo's existing crypto exposure; including a minority stake in Gemini. With inflation, fiat concerns, and blockchain adoption in the spotlightMogo seems intent on keeping one foot in traditional fintech; and the other firmly in the digital asset world. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
