Mogo sells 40 million shares of Wonderfi

Executive Summary

• Mogo Inc., through its wholly owned subsidiary Mogo Financial Inc., disposed of 40 million shares of Wonderfi Technologies Inc. via private agreement on August 1, 2025.
• This transaction reduced Mogo's beneficial ownership in Wonderfi from approximately 12.39% to approximately 6.34%, dropping below the 10% threshold that triggers specific early warning reporting requirements.
• The shares were sold for investment purposes, and Mogo retains the remaining 41,962,639 shares for investment, with the ability to adjust its position based on market conditions.

Key Details

• Transaction Date: August 1, 2025
• Seller: Mogo Inc. (via wholly owned subsidiary Mogo Financial Inc.)
• Target Company: Wonderfi Technologies Inc.
• Shares Disposed: 40,000,000 common shares
• Transaction Method: Private agreement
• Pre-Transaction Holdings: 81,962,639 shares (approx. 12.39% of issued and outstanding shares)
• Post-Transaction Holdings: 41,962,639 shares (approx. 6.34% of issued and outstanding shares)
• Purpose of Sale: Investment purposes
• Future Intent: Mogo may increase or decrease its beneficial ownership through market transactions or private agreements and may continue to engage with Wonderfi's board and management.
• Regulatory Filing: Early Warning Report filed pursuant to Canada's National Instrument 62-104 and National Instrument 62-103.