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M&A / Property Neutral

WonderFi Announces the Granting of an Order to Extend AGM Deadline

Court Clears Path for Delayed Robinhood Acquisition as WonderFi Secures AGM Extension

By The Northwire Desk — AI Analysis Apr 24, 2026 · 16:16 WNDR · 0.34 WONDERFI TECHNOLOGIES INC. J
Executive Summary
  • The Supreme Court of British Columbia granted an order extending WonderFi's Annual General Meeting (AGM) deadline from August 24, 2025 to July 2, 2026.
  • This legal update follows a rescheduled hearing on April 22, 2026 regarding the application filed in March 2026.
  • The transaction involves Robinhood Markets, Inc. indirectly acquiring all issued and outstanding common shares of WonderFi via a plan of arrangement under the BCBCA.
  • Post-closing integration work is ongoing to facilitate the deployment of Robinhood's proprietary technology in Canada.
  • The transaction closing is expected in the first half of 2026, subject to satisfaction or waiver of remaining conditions.
Material Impact
  • The court order removes a statutory compliance hurdle that could have forced an early shareholder vote or dissolution risk due to AGM deadline expiration.
  • This news confirms the M&A process remains active but does not alter the fundamental timeline which has been pushed back multiple times since November 2025.
  • The extension is procedural and expected given the history of outside date extensions (Nov 2025, Dec 2025, June 2026).
  • No new valuation metrics or deal terms were disclosed; the acquisition price structure remains unchanged from previous announcements.
  • Market reaction has been muted with stock trading near recent highs ($0.34), suggesting investors view this as a necessary step rather than a catalyst for immediate re-rating.
WNDR · Price
Company Overview
  • WonderFi Technologies Inc. operates crypto exchange platforms Bitbuy and Coinsquare in Canada.
  • Flagship Project: The acquisition by Robinhood Markets, Inc. to integrate proprietary technology into Canadian operations.
  • Business Model: Trading fees and custody services for digital assets held on behalf of clients.
  • Client Assets: Reported >C$2.3 billion in client assets under custody as of September 30, 2025.
  • Recent Performance: Q3 2025 revenue increased 47.5% year-over-year to C$11.7 million with positive adjusted EBITDA.
Read the original news release →

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