Digital disruptor Mogo announces merger for accelerated growth [Wealth Professional (Canada)]
Mogo Inc. - Common Shares (MOGO)
Company Research
Source: Wealth Professional
Digital disruptor Mogo announces merger for accelerated growth Vancouver-based firm Mogo Finance Technology has announced a merger that will help it accelerate its ambitions to dominate Canada’s fintech industry The firm will combine with Difference Capital Financial Inc. with Mogo shareholders owning around 80% of the combined entity on a fully diluted basis. The combination will give Mogo access to approximately $9-10 million in cash and control of Difference’s portfolio of investments in some of the premier private technology companies in Canada, including Hootsuite and Vision Critical, which collectively have an estimated fair market value of approximately $24 million. It is expected that the combined entity will be called Mogo Inc. and will be led by Dave Feller as chairman and CEO and Greg Feller as president, CFO, and director. "This transaction enables Mogo to continue to invest in new products and innovation, building on our leadership position in the Canadian fintech space,”
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MOGO
News
- Mogo Reiterates Support for KAOS Capital’s Call for Change at WonderFiBusiness Wire
- Mogo Nominates Independent Candidate for Election to WonderFi’s Board of Directors – Supports KAOS Capital’s Call for a Fundamental Transformation of BoardBusiness Wire
- Mogo to resume share repurchases under NASDAQ buyback programBusiness Wire
- Mogo Inc. (NASDAQ: MOGO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $8.00 price target on the stock.MarketBeat
- Mogo Reports Results for Q4 & FY 2023Business Wire
MOGO
Sec Filings
- 4/4/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/21/24 - Form 6-K
- MOGO's page on the SEC website