- WonderFi (WNDR) will acquire all of the issued and outstanding shares of Blockchain Foundry (BCFN)
- WonderFi will acquire all 121,975,844 issued and outstanding common shares of Blockchain Foundry on the basis of 0.2155 common shares of WonderFi for each share of BCFN
- Blockchain Foundry develops and commercializes blockchain-based business and consumer solutions, with a focus on infrastructure for digital assets and NFTs
- WonderFi is a technology company with the mission of creating unified access to digital assets through centralized and decentralized platforms
- Blockchain Foundry Inc. (BCFN) opened trading at C$0.08 per share
Blockchain Foundry (BCFN) has announced that WonderFi (WNDR) will acquire all of the issued and outstanding shares of the company.
Dan Wasyluk, CEO of Blockchain Foundry commented on the transaction.
“We are thrilled to be joining the WonderFi team, which has deep expertise in Web3 and a complementary product mix to BCF’s current products and development initiatives. There are numerous operational and consumer synergies which we can capitalize on to enhance opportunities across a range of Web3 experiences.”
Ben Samaroo, CEO of WonderFi added,
“This acquisition further solidifies WonderFi as the Canadian leader in the digital asset space. BCF is on a great trajectory with a diverse set of intellectual property, brand partnerships, and a revenue generating track-record. The current economic conditions in the crypto market have made it attractive for WonderFi to be able to acquire companies like BCF which carry the potential to compliment our core operating crypto asset trading platforms Bitbuy and Coinberry, while also adding cash, liquid digital assets and a portfolio of private emerging crypto investments to WonderFi’s balance sheet”.
The acquisition will add scale to Blockchain Foundry’s product offering across its Bitbuy and Coinberry platforms and accelerate the growth of full-service Web3 initiatives.
WonderFi will acquire all 121,975,844 issued and outstanding common shares of BCF on the basis of 0.2155 common shares of WonderFi for each share of BCFN held. Approximately 26,285,794 common shares of WonderFi will be issued to shareholders of Blockchain Foundry.
The transaction has been unanimously approved by the board of directors of both WonderFi and BCFN.
Sequeira Partners has provided a fairness opinion to the board of directors of BCF that the consideration to be paid by WonderFi to the shareholders of BCF is fair, from a financial point of view, to shareholders of BCF.
Blockchain Foundry develops and commercializes blockchain-based business and consumer solutions, with a focus on infrastructure for digital assets and NFTs.
WonderFi is a technology company with the mission of creating unified access to digital assets through centralized and decentralized platforms.
Blockchain Foundry Inc. (BCFN) opened trading at C$0.08 per share.