Robinhood Completes Acquisition of Cryptocurrency Firm WonderFi

WonderFi Technologies Inc. (TSX: WNDR) (“WonderFi” or the “Company”) is pleased to announce that Robinhood Markets, Inc. (NASDAQ: HOOD) (“Robinhood”) has completed the previously announced acquisition of WonderFi pursuant to a statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia). In accordance with the terms of the Arrangement, Robinhood indirectly acquired all of the issued and outstanding common shares in the capital of WonderFi (the “Shares”) for C$0.36 in cash per Share, representing a total equity value of approximately C$250 million on a fully diluted basis.

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