Mogo Closes Acquisition of Additional Shares in Canada’s Leading Crypto Platform, Coinsquare
Mogo Inc. - Common Shares (MOGO)
Company Research
Source: Business Wire
Mogo’s ownership in Coinsquare has increased to approximately 39% of the outstanding common sharesAll figures in Canadian $ VANCOUVER, British Columbia--(BUSINESS WIRE)--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”), Canada’s leading cryptocurrency platform, from Michael Diamond and two affiliated companies (the “Vendors”). Mogo also has an option (the “Option”) to acquire up to an additional 3.4% of the outstanding common shares of Coinsquare (the “Coinsquare Shares”) from the Vendors until October 13, 2021 under similar terms and subject to certain conditions, which when combined with Mogo’s existing purchase warrant in Coinsquare, could increase Mogo’s total ownership by up to an additional 14% of the outstanding common shares. Mogo
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MOGO
Sec Filings
- 4/4/24 - Form 6-K
- 3/27/24 - Form 6-K
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- MOGO's page on the SEC website