MOGO

Mogo Completes Acquisition of Canadian Investment Dealer Fortification Capital Inc. - to be Renamed MogoTrade

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수요일, 9월 1, 2021
Technology, Mobile, Wireless, Finance, Banking, Other Technology, Professional Services, Networks, Data Management, Consumer Electronics, Investment Industry Regulatory Organization of Canada, Direct market access, Legislation, Vendor, Carta Worldwide, Acquisition, ID, IIROC, ETF, IOS, Moka, Forward-looking statement, APAC, NASDAQ, News, CEO, TSX, Technology, Inc., Security (finance), Financial adviser, Fortification, Mogo, FORTIFICATION, MOGO

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (Mogo or the Company), a digital payments and financial technology company, today announced it has closed the previously announced acquisition (the "Acquisition") of Canadian registered investment dealer, Fortification Capital Inc. ("Fortification") following approval of the transaction from the Investment Industry Regulatory Organization of Canada (IIROC) and related regulatory approvals.

Key Points: 
  • Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (Mogo or the Company), a digital payments and financial technology company, today announced it has closed the previously announced acquisition (the "Acquisition") of Canadian registered investment dealer, Fortification Capital Inc. ("Fortification") following approval of the transaction from the Investment Industry Regulatory Organization of Canada (IIROC) and related regulatory approvals.
  • Fortification will also be changing its name to MogoTrade Inc. ("MogoTrade").
  • Fortification is a Canadian registered investment dealer and a member of IIROC.
  • The Acquisition was completed pursuant to the terms of a definitive share purchase agreement (the "Share Purchase Agreement") entered into by, among others, Mogo, Fortification and the sole shareholder of Fortification (the "Vendor").

Mogo Closes Acquisition of Additional Shares in Canada’s Leading Crypto Platform, Coinsquare

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화요일, 6월 15, 2021
Mobile, Wireless, Technology, Finance, Consulting, Banking, Other Technology, Professional services, Internet, Data management, Other Professional Services, Holography in fiction, Mogo, Cryptocurrency, DC Comics, Articles, Fictional characters, Coinsquare, Mogo, COINSQUARE, MOGO

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (Mogo or the Company), a digital payments and financial technology company, today announced that it has closed its previously announced acquisition (the Acquisition) of an additional 2.0% of the outstanding common shares of Coinsquare Ltd. (Coinsquare), Canadas leading cryptocurrency platform, from Michael Diamond and two affiliated companies (the Vendors).

Key Points: 
  • Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (Mogo or the Company), a digital payments and financial technology company, today announced that it has closed its previously announced acquisition (the Acquisition) of an additional 2.0% of the outstanding common shares of Coinsquare Ltd. (Coinsquare), Canadas leading cryptocurrency platform, from Michael Diamond and two affiliated companies (the Vendors).
  • Mogo requires Coinsquare board approval to increase its ownership interest in Coinsquare over 49.9%.
  • Since its founding in 2014, Coinsquare has grown to become the leading cryptocurrency platform in Canada.
  • The Acquisition was made pursuant to a share purchase agreement between Mogo and the Vendors dated June 15, 2021, pursuant to which Mogo acquired 655,644 Coinsquare Shares from the Vendors for aggregate consideration consisting of the issuance of 378,774 common shares of Mogo (the Mogo Shares) and a cash payment of $5 million.

Mogo Announces Close of Previously Announced Increased Investment in Canada’s Leading Crypto Platform, Coinsquare

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금요일, 6월 4, 2021
Professional services, Technology, Mobile, Wireless, Software, Finance, Internet, Banking, Articles, Decentralization, Cryptocurrency, Financial technology, Uberisation, Mogo, Board of directors, Investment, Coinsquare, Mogo, COINSQUARE, MOGO

Mogo requires Coinsquare board approval to increase its ownership interest in Coinsquare over 49.9%.

Key Points: 
  • Mogo requires Coinsquare board approval to increase its ownership interest in Coinsquare over 49.9%.
  • There is no certainty that the Coinsquare board of directors will grant such approval.
  • Were pleased to close this second investment in Coinsquare and to increase our ownership of the leading cryptocurrency trading platform in Canada, said Greg Feller, President of Mogo.
  • Since our first investment in early February 2021, assets and volumes on the Coinsquare platform have significantly increased.

Mogo Announces Agreement to Acquire Additional Shares in Canada’s Leading Crypto Platform, Coinsquare

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화요일, 6월 1, 2021
Finance, Consulting, Banking, Professional services, Other Professional Services, Digital currencies, Cryptography, Mogo, Cryptocurrency, Digital wallet, Money, Payment systems, Coinsquare, Mogo, COINSQUARE, MOGO

Mogo will also have an option (the Option) to acquire an additional 3.4% of the outstanding Coinsquare Shares from the Vendors within 120 days from the closing date of the Acquisition under similar terms, subject to certain conditions.

Key Points: 
  • Mogo will also have an option (the Option) to acquire an additional 3.4% of the outstanding Coinsquare Shares from the Vendors within 120 days from the closing date of the Acquisition under similar terms, subject to certain conditions.
  • Coinsquare is the leading crypto trading platform in Canada and a highly valuable asset in the Canadian fintech ecosystem, said Greg Feller, President of Mogo.
  • By leveraging Coinsquares leading crypto capabilities, along with Mogos leading digital wallet capabilities, we are well positioned to execute on our growth plans.
  • Since its founding in 2014, Coinsquare has grown to become the leading cryptocurrency platform in Canada.

Mogo Enters Agreements to Increase Ownership in Canada’s Leading Crypto Platform, Coinsquare

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목요일, 5월 13, 2021
Software, Finance, Banking, Data management, Professional services, Technology, Mobile, Wireless, Security, Contract law, Option, National Grid plc, Companies, Electric power, Coinsquare, Mogo, COINSQUARE, MOGO

Purchase consideration for the Coinsquare shares to be acquired under the two transactions is expected to range between $46.9 million and $48.6 million, payable, at Mogo\xe2\x80\x99s option, in cash or common shares.

Key Points: 
  • Purchase consideration for the Coinsquare shares to be acquired under the two transactions is expected to range between $46.9 million and $48.6 million, payable, at Mogo\xe2\x80\x99s option, in cash or common shares.
  • The acquisition from Riot is expected to complete in late May 2021 and the option exercise is expected to complete in early June 2021.
  • The transactions are subject to certain closing conditions customary for transactions of this nature, including regulatory approval, which includes the approval of the Toronto Stock Exchange.
  • In addition to the quality of their platform and deep experience as a pioneer in this space, the financial profile is highly compelling.

Mogo Announces Exclusive Partnership with Tom Lee’s Fundstrat to Bring Their Top-Ranked Equity & Crypto Research to Mogo’s 1.6 Million Members in Canada

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목요일, 5월 6, 2021
Software, Finance, Banking, Data management, Professional services, Technology, Mobile, Wireless, Security, Articles, Technology, Science and technology, Bitcoin, Blockchain, Decentralization, FSInsight, Mogo, FSINSIGHT, MOGO

The focus will be on crypto research and related research products and services produced by FSI, including free weekly and monthly crypto briefings, access to exclusive interviews, and preferred access to monthly and annual subscription-based crypto research available through FSI.

Key Points: 
  • The focus will be on crypto research and related research products and services produced by FSI, including free weekly and monthly crypto briefings, access to exclusive interviews, and preferred access to monthly and annual subscription-based crypto research available through FSI.
  • \xe2\x80\x9cMogoCrypto has been a strong growth area for the company, and the addition of FSI\xe2\x80\x99s research to our platform is a significant value-add for members.
  • This fills an important gap in the market for high-quality research in this emerging asset class.\xe2\x80\x9d\n\xe2\x80\x9cI am delighted to be partnering with Canadian fintech leader Mogo.
  • They are experts in U.S. macro market strategy and have leveraged those fundamental insights to become leading pioneers of digital assets and blockchain research.

Mogo Completes Acquisition of Investing App Moka, Bringing Total Members to Approximately 1.6 Million

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수요일, 5월 5, 2021
Mobile, Wireless, Technology, Finance, Security, Banking, Other Technology, Professional services, Software, Data management, Other Professional Services, Finance, Banking in Canada, Tax-Free Savings Account, Registered Retirement Savings Plan, Mogo, Money, Financial services, Moka, Mogo, MOKA, MOGO

The acquisition increases Mogo\xe2\x80\x99s member base to approximately 1.6 million and expands Mogo\xe2\x80\x99s wealth offering to include saving and investing products.

Key Points: 
  • The acquisition increases Mogo\xe2\x80\x99s member base to approximately 1.6 million and expands Mogo\xe2\x80\x99s wealth offering to include saving and investing products.
  • \xe2\x80\x9cBy adding Moka\xe2\x80\x99s digital saving and investing products, technology platform and experienced fintech team, we move forward with one of the most compelling and differentiated value propositions in Canadian finance.
  • Moka members can invest through a TFSA, RRSP or non-registered account.
  • Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210505005572/en/\n'