24/7 Market News Snapshot 13 May, 2025 – Mogo Inc. Common Shares (NASDAQ:MOGO)

May 13, 2025

DENVER, Colo., 13 May, 2025 (www.247marketnews.com) – (NASDAQ:MOGO) are discussed in this article.
Mogo Inc. (MOGO), a leading player in digital wealth management and payments, has seen a notable surge in its stock price, reaching an impressive $1.579, reflecting an increase of 58.44% from its previous close of $0.997. This jump is accompanied by a trading volume of 5.52 million shares, signaling robust investor confidence and interest in the company’s performance. Such significant market activity suggests a potential for continued growth, positioning Mogo favorably amid a dynamic financial landscape.

In a momentous development for the company, Mogo has expressed strong support for its portfolio company, WonderFi Technologies Inc. (TSX:WNDR), which has finalized a definitive agreement with Robinhood Markets, Inc. to acquire all outstanding common shares of WonderFi for C$0.36 per share. This all-cash transaction is valued at approximately C$250 million, presenting an attractive premium of approximately 41% over WonderFi’s recent stock closing price. Greg Feller, Mogo’s President & Chief Financial Officer, emphasized the significance of this transaction as a testament to WonderFi’s achievements and a key moment for its stakeholders.

With Mogo as the largest shareholder, owning around 82 million common shares, the company, along with other significant shareholders, has established robust voting support for the acquisition, which is expected to be completed in the latter half of 2025, pending shareholder and regulatory approvals.

This strategic move not only provides immediate liquidity but also enhances value for Mogo’s stakeholders, reinforcing its commitment to innovative financial solutions. As Mogo navigates the evolving fintech landscape, this acquisition underscores its strategy of leveraging partnerships to foster growth and advance its mission in promoting long-term financial health. Further updates are anticipated as the agreement progresses.

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