Welcome to our dedicated page for Wellfield Tech news (Ticker: WFLDF), a resource for investors and traders seeking the latest updates and insights on Wellfield Tech stock.
News and disclosures about Wellfield Technologies Inc. (WFLDF) focus on its activities as a fintech company using blockchain technology, as well as on regulatory and corporate developments. The company repeatedly describes itself as operating the Coinmama platform for cryptocurrency market access and the Tradewind Markets platform for digitizing and trading real-world assets, including its VaultChain Gold and VaultChain Silver products.
Readers following Wellfield-related news can expect updates on its blockchain-based financial platforms, such as Coinmama’s role in providing access to digital assets and Tradewind’s work with digitized precious metals. Company news also highlights relationships connected to Tradewind, including disclosures about VaultChain programs that involve custody of physical gold and silver at the Royal Canadian Mint and the use of the Tradewind blockchain for digital title.
A significant portion of recent news has addressed regulatory matters tied to Wellfield’s financial reporting. The company has reported anticipated delays in filing its annual audited financial statements and related management’s discussion and analysis, the granting of a management cease trade order affecting certain insiders, and later the issuance of a failure-to-file cease trade order that restricts trading in its securities in Canada, along with a trading halt on the TSX Venture Exchange. These items provide context on the company’s reporting status and interactions with securities regulators.
Wellfield has also issued news about corporate transactions involving Tradewind Markets, including a proposed reverse take-over transaction with Leonovus Inc. and subsequent updates, as well as the expiry of an amended and restated share purchase agreement regarding the proposed acquisition of Tradewind. Investors and observers can use this news page to review these developments and track how they relate to Wellfield’s blockchain and fintech activities over time.
Wellfield Technologies Inc. (TSXV: WFLD) is set to launch a major platform upgrade for Tradewind, aiming to revolutionize the institutional digital gold market. The upgrade integrates next-generation trading solutions, creating a comprehensive gold trading marketplace for institutional investors. Key features include spot, yield, and volatility trading solutions, instantly settled trades with no counterparty risk, and low transaction costs.
Currently, $170 million worth of physical precious metals are digitized on the Tradewind Ledger. The company is also exploring opportunities to establish Tradewind as an independent entity, potentially through a spin-out public listing or strategic partnerships. This move aims to unlock significant value for shareholders and allow Wellfield to focus on advancing its decentralized finance technologies.
Wellfield Technologies has announced an update regarding a shares-for-debt transaction initially disclosed on April 23, 2024. The company increased the total debt to be settled from $81,898.97 to $171,898.97. This will be achieved through the issuance of 2,864,983 common shares at $0.06 per share. The shares will be subject to a statutory hold period of four months and one day and the transaction is pending final approval from the TSX Venture Exchange.
Wellfield Technologies announces a debt-for-equity agreement to settle $950,593 of its outstanding debt, involving both convertible debentures and consulting payables. Under the agreement, 11,016,177 common shares will be issued at $0.06 per share for debentures and $0.0714 per share for consulting payables. This move aims to preserve cash for business development. The shares will be issued upon TSX Venture Exchange acceptance and will be subject to a four-month-plus-one-day hold period.
Levy Cohen has filed an early warning report regarding his ownership of common shares in Wellfield Technologies. On February 8, 2023, Wellfield issued new common shares, reducing Cohen's ownership below 10%. Between March 28 and May 9, 2024, Cohen acquired 198,500 additional shares, increasing his stake slightly but keeping it under 10%. Cohen now holds 7.86% of Wellfield’s common shares. As his ownership is below 10%, Cohen will not file further early warning reports unless his holdings exceed this threshold. Cohen’s future investment decisions will depend on various conditions.
Wellfield Technologies Inc. (TSXV: WFLD) is making significant progress in the decentralized finance sector by solidifying its position through strategic collaborations and technological innovations. The company's Coinmama platform is becoming a premier destination for DeFi services with the recent launch of decentralized trading. Wellfield is also advancing innovative protocols like LiquiFy and Bitcoin-DeFi, while leveraging partnerships with Fireblocks to enhance digital asset management. These efforts aim to enhance user experience, accessibility, and security in the DeFi space.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Wellfield Tech (WFLDF)?
What is the market cap of Wellfield Tech (WFLDF)?
