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WonderFi Technologies (TSX:WNDR) closes $5M private placement

Cryptocurrency, Market News
TSX:WNDR
30 January 2023 10:00 (EDT)

Source: WonderFi Technologies.

WonderFi Technologies (WNDR) has closed its previously announced brokered private placement for gross proceeds of $5,016,000. 

The company issued 22,800,000 units at a price of $0.22 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.30 for a period of 24 months.

Warrants issued are subject to an acceleration clause.

The offering was conducted by a syndicate of agents led by PI Financial Corp. and included Canaccord Genuity Corp. and PowerOne Capital Markets Limited.

The net proceeds will be used to support working capital requirements for planned operating initiatives at Bitbuy and for general corporate and working capital purposes.

WonderFi is a technology company with the mission of creating unified access to digital assets through centralized and decentralized platforms.

WonderFi Technologies Inc. (WNDR) opened trading at C$0.195.


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