WonderFi Announces Extension to the Outside Date for Robinhood Transaction

Executive Summary

• WonderFi Technologies entered into an amendment extending the outside date for Robinhood’s proposed indirect acquisition of all WonderFi common shares to June 1, 2026.
• The extension is intended to allow additional integration development work and obtain required regulatory approvals.
• Both parties reaffirm their commitment to close the transaction in the first half of 2026, subject to satisfaction or waiver of remaining closing conditions.

Key Details

• Amendment Scope: Extends the “outside date” for completion of Robinhood’s acquisition of WonderFi from the original deadline to June 1, 2026.
• Purpose of Extension: Provides additional time for:
• Completion of integration enhancements between WonderFi and Robinhood.
• Securing necessary regulatory approvals in Canada.
• Transaction Status: Remains pending; parties continue to work toward a closing in the first half of 2026, subject to satisfaction or waiver of all remaining conditions under the Arrangement Agreement (as amended).
• Quotes:
• Paul Pathak, Chair of the Special Committee – “Our excitement for the transaction with Robinhood remains unwavering… The Amendment provides a clear path … as we work toward closing in the first half of 2026.”
• Johann Kerbrat, SVP & GM, Robinhood Crypto – “Robinhood remains committed to advancing our mission in Canada with WonderFi… we look forward to delivering innovative, user‑centric crypto products to Canadian customers.”
• Forward‑Looking Statements: The release contains typical cautionary language regarding risks to closing, regulatory approvals, and integration work.

Notable Quotes

• “Our excitement for the transaction with Robinhood remains unwavering…” – Paul Pathak
• “Robinhood remains committed to advancing our mission in Canada with WonderFi.” – Johann Kerbrat