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WonderFi Closes $45 Million “Bought Deal” Public Offering

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Vancouver, British Columbia–(Newsfile Corp. – February 4, 2022) – WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (FTX: WNDR) (the “Company” or “WonderFi“), a leading technology company with the mission of creating better access to digital assets through compliant centralized and decentralized platforms, is pleased to announce that it has closed its “bought deal” public offering of units of the Company (“Units“) for aggregate gross proceeds of $45 million (the “Offering“). The Offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp. and including Cormark Securities Inc., Haywood Securities Inc. and PI Financial Corp. (collectively, the “Underwriters“), and consisted of the sale of 18,750,000 Units at a price of $2.40 per Unit (the “Offering Price“).

Each Unit consisted of one common share in the capital of the Company (each a “Common Share“) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder to acquire one Common Share at a price of $3.10 until February 4, 2024. The Company has received conditional approval from the NEO Exchange (“NEO“) to list the Warrants issued pursuant to the Offering, and the Warrants are expected to be listed and posted for trading on the NEO under the ticker symbol “WNDR.WT” effective on or about February 10, 2022. Listing is subject to final acceptance by the NEO.

The Units were offered by way of a short form prospectus of the Company in all provinces and territories of Canada, other than Québec. The Company also obtained shareholder approval in connection with the Offering in accordance with the requirements of the NEO.

The Company intends to use the net proceeds of the Offering to partially fund the purchase price of the Company’s previously announced acquisition of First Ledger Corp., the parent company of Bitbuy Technologies Inc., to fund growth initiatives and for general corporate purposes.

In connection with the Offering, the Underwriters received a cash commission equal to 6.5% of the gross proceeds from the sale of Units (other than in respect of Units sold to certain president’s list purchasers, in which case the commission was reduced to 3.25%) and non-transferable broker warrants (“Broker Warrants“) to purchase that number of Common Shares that is equal to 6.5% of the number of Units sold pursuant to the Offering (other than in respect of Units sold to certain president’s list purchasers, in which case the number was reduced to 3.25%). Each Broker warrant entitles the holder to acquire one Common Share at a price $3.10 until February 4, 2024.

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The Company also announces that it will issue 500,000 Common Shares to each of LDL Corp. and O’Leary Productions Ltd. (collectively, the “Advisors“) for strategic growth, merger and acquisition and capital market advisory services provided to the Company by the Advisors through the period ending January 31, 2022.

In a separate transaction that was completed concurrently with the closing of the Offering, certain officers and directors of the Company (collectively, the “Selling Shareholders“) sold to the Underwriters for resale an aggregate of 500,000 Common Shares, on a block trade, prospectus-exempt basis, at the Offering Price for total gross proceeds to the Selling Shareholders of $1.2 million.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, “U.S. Persons” (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

Additional Information
For additional information, please contact:

WonderFi Technologies Inc.
Ben Samaroo, CEO
[email protected]
(778) 843-9637

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Investor Relations Contact: [email protected]
Media Contact: [email protected]

ABOUT WONDERFI

WonderFi is a leading technology company with the mission of creating better access to DeFi through the core principles of simplicity and education. WonderFi has a multi-pronged business strategy which includes a high-growth consumer finance app which will serve as a trusted gateway to the new financial system, and a digital asset portfolio which consists of leading crypto and DeFi assets. WonderFi’s executive team and Board of Directors have an established track record in finance and crypto, with previous experience at Amazon, Shopify, PayPal, Galaxy Digital and Hut 8. WonderFi’s core team of engineers and technologists believe that everyone should have equal access to finance and are aligned in the mission to empower people around the world to access DeFi in a simple, smart and secure way.

For more information, visit www.wonder.fi.

Forward-Looking Information and Statements

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This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. In this news release, forward looking-statements relate to, among other things, statements relating to the expected use of proceeds from the Offering and the contemplated timing for the commencement of trading of the Warrants on the NEO. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, or variations of such words. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability of the Company to work effectively with strategic investors; and changes in general economic, business and political conditions, including changes in the financial markets, changes in applicable laws, and compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/112778

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Simplify Labs Expands Educational Outreach with Monthly Crypto Webinars

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Blocks & Headlines: Today in Blockchain – May 21, 2025

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In an era defined by rapid innovation and regulatory shifts, today’s blockchain briefing spotlights five pivotal developments: enterprise-grade data integration, municipal crypto pilots, state-level policy hearings, AI-powered token growth, and secure communications on a public ledger. Across these stories, three key trends emerge:

  1. Enterprise Adoption & Data Integration

  2. Government Experimentation & Oversight

  3. AI & Security Innovations in Crypto

Below, we dissect each story’s essence, unpack its broader implications, and offer opinion-driven insight for Web3 stakeholders.


1. Space and Time Joins Forces with Microsoft Fabric

Source: Chainwire / The Defiant

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On May 20, 2025, Space and Time Labs (SXT)—a zero-knowledge data platform backed by Microsoft’s M12 Ventures—announced integration of its multichain index (Bitcoin, Sui, Ethereum) into Microsoft Fabric’s OneLake environment. This partnership delivers real-time, verifiable blockchain data directly within Azure, enabling developers and enterprises to build data-driven Web3 and AI applications without custom pipelines.

Opinion: Embedding verifiable on-chain data into mainstream analytics tools marks a watershed moment. As traditional enterprises crave decentralized insights, Fabric’s native access to SXT’s ZK-proven data could accelerate blockchain analytics, foster hybrid cloud-Web3 solutions, and reduce vendor lock-in. Expect more legacy tech giants to pursue similar alliances.


2. New York City Eyes Crypto for Taxes & Records

Source: DL News

Mayor Eric Adams revealed plans to form a Digital Assets Advisory Council to explore crypto-based payments for municipal services, including taxes, birth/death certificates, and land records. While specifics remain under wraps, Adams highlighted zero-knowledge proofs as a privacy-preserving tool for public documentation on distributed ledgers.

Opinion: New York’s initiative signals growing municipal appetite for blockchain beyond investments. By potentially accepting tax payments in crypto and securing vital records on-chain, NYC could pioneer use cases that blend transparency with privacy. However, pilot programs must rigorously address volatility, regulatory compliance, and digital inclusion to avoid disenfranchising underserved communities.

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3. Wyoming Committee Explores Blockchain, AI & Right-to-Repair

Source: Wyoming Public Media

During its first interim meeting (May 14–15, Jackson Hole), Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation reviewed the state’s proposed Wyoming Stable Token—tethered 1:1 to USD—and examined AI governance and right-to-repair legislation. The Stable Token Commission anticipates a July 4 alpha launch, while lawmakers debated CBDC distinctions, tokenized real-world assets, and consumer repair rights.

Opinion: Wyoming continues to cement its reputation as a blockchain haven. Explicit carve-outs distinguishing stablecoins from CBDCs, coupled with regulatory sandboxes for AI and repair laws, underscore a holistic approach to innovation. Other states should monitor Wyoming’s alpha testing outcomes to inform balanced policy frameworks that nurture Web3 while safeguarding consumer interests.


4. AI Tokens Surge in Crypto’s New Tango

Source: The Economic Times

Himanshi Lohchab reports that AI-centric utility tokens—built to autonomously execute services like compute renting (Render), predictive analytics (SingularityNET), and data marketplaces (Ocean Protocol)—have seen market caps soar from $2.7 billion to nearly $30 billion within a year. Key players include Near Protocol’s AI modules, ICP, The Graph, and emerging AI agents that generate revenue per usage. Institutional interest from Grayscale, BlackRock, and Fidelity further validates the trend.

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Opinion: The AI-blockchain convergence is no fleeting fad. AI tokens promise programmable revenue streams and decentralized toolchains, but they also introduce autonomous risk vectors—buggy smart contracts, accountability gaps, and regulatory ambiguity. Security audits, standardized interoperability protocols, and clear legal frameworks will be crucial to sustain investor confidence.


5. BSV Association Selects Binarii Labs for Secure Communications

Source: CoinGeek (via PRNewswire)

The BSV Association has designated Binarii Labs to implement BinariiDSM, an encrypted file exchange and messaging suite that logs proofs of record on the BSV blockchain. This integration ensures immutable audit trails, data resilience, and end-to-end confidentiality for enterprises seeking verifiable trust without centralized intermediaries.

Opinion: As data privacy regulations tighten globally, blockchain-anchored communication platforms like BinariiDSM offer a compelling alternative to legacy VPNs and secure email. By immutably recording metadata on-chain, organizations can demonstrate compliance, simplify audits, and deter insider threats. Look for BSV’s secure-messaging model to inspire similar offerings on other smart-contract platforms.


Conclusion: Navigating a Dynamic Blockchain Frontier

Today’s stories reaffirm that blockchain is no longer an experimental niche—it’s permeating analytics, public services, legislative agendas, tokenomics, and secure communications. To thrive:

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  • Forge Strategic Alliances: Enterprises should partner with ZK and data-fabric innovators to embed blockchain insights into their analytics stacks.

  • Pilot Pragmatically: Municipalities must balance visionary crypto use cases with compliance, volatility management, and equitable access.

  • Craft Balanced Policy: States can emulate Wyoming’s sandbox approach—distinguishing stablecoins from CBDCs, while addressing AI and repair rights.

  • Secure the Autonomous Agent Era: As AI tokens multiply, enforce rigorous security audits and interoperability standards.

  • Leverage On-Chain Trust: Consider blockchain-anchored communications for immutable audit trails and enhanced data resilience.

By embracing these actions, organizations and policymakers can harness blockchain’s transformative power while mitigating emerging risks.

The post Blocks & Headlines: Today in Blockchain – May 21, 2025 appeared first on News, Events, Advertising Options.

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Hair Transplant Market To Worth Over US$ 41.01 Billion By 2033 | Astute Analytica

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