WonderFi Acquires Bitbuy, Canada's First Approved Crypto Marketplace, for C$206 MillionMarch 24, 2022
WonderFi Technologies Inc. (NEO: WNDR) ("WonderFi"), a business with a multi-pronged strategy which includes a high-growth consumer finance app and a digital asset portfolio, has successfully acquired First Ledger Corp. (“First Ledger”), the parent company of Bitbuy Technologies Inc., a restricted dealer and the first crypto asset trading platform to be regulated as a marketplace in Canada.
The acquisition was effected by way of an amalgamation whereby a wholly-owned subsidiary of WonderFi amalgamated with First Ledger. In connection with the transaction, each share of First Ledger was acquired in exchange for $1.3296 in cash, $0.3055 in debt and 2.3528 common shares of WonderFi.
Wildeboer Dellelce LLP acted on regulatory and tax matters for First Ledger with a deal team that included Geoffrey Cher (Regulatory), Katy Pitch (Tax), Colin Romano (Regulatory/Tax) and Emma Weiss (Tax).
First Ledger Corp.