WonderFi Announces Rescheduled Hearing for Application with Supreme Court of British Columbia to Extend the AGM Deadline
Rhea-AI Summary
WonderFi (TSX: WNDR; OTCQB: WONDF) announced a rescheduled Supreme Court of British Columbia hearing to consider its application to extend the annual general meeting deadline to July 2, 2026.
The hearing moved from April 13 to April 22, 2026 at 9:45 a.m. (Vancouver time) and remains subject to court availability and closing conditions for the proposed Robinhood transaction.
Positive
- Transaction with Robinhood remains on track for first half of 2026
- Hearing rescheduled to April 22, 2026 at 9:45 a.m. Vancouver time
- Company formally seeks AGM extension to July 2, 2026 under court order
Negative
- Hearing not heard April 13, 2026 due to court scheduling restraints
- AGM extension and closing remain subject to court availability and remaining conditions
- Timing uncertainty could delay shareholder vote and Transaction closing
News Market Reaction – WONDF
In the Apr 20 session, WONDF gained 0.83%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - April 20, 2026) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi" or the "Company") announces that due to scheduling restraints in regular chambers at the Supreme Court of British Columbia (the "Court"), the Company's previously announced and filed notice of application (the "Application") seeking an order to extend the deadline for holding its annual general meeting (the "AGM") to July 2, 2026 (see news release dated March 18, 2026) was not heard on April 13, 2026. The Company has rescheduled the hearing of the Application before a judge of the Court from April 13, 2026 to April 22, 2026 at 9:45 a.m. (Vancouver time) at 800 Smithe Street, Vancouver, British Columbia V6Z 2E1, which remains subject to Court availability to hear the Application.
The Application for the extension of the AGM is sought under the final order of the Court approving the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the "BCBCA"), pursuant to which Robinhood Markets, Inc. (NASDAQ: HOOD) ("Robinhood"), will indirectly acquire all of the issued and outstanding common shares of WonderFi (the "Transaction"). In the alternative, the Application seeks an order from the Court under Section 186 of the BCBCA.
The Company filed the Application to extend the deadline for the AGM in light of the impending Transaction. Robinhood and WonderFi are continuing to work on post-closing integration, which will facilitate Robinhood's deployment of its proprietary technology in Canada, and WonderFi continues to anticipate a closing of the Transaction in the first half of 2026, subject to the satisfaction or waiver of the remaining conditions to closing of the Transaction as set forth in the arrangement agreement (as amended) governing the Transaction.
About WonderFi
WonderFi is a leader in centralized and decentralized financial services and products.
With over
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, and Bitcoin.ca.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi.
Additional Information
For additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fi
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities legislation. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements include, without limitation, statements regarding: the Application for relief from the Court to extend the deadline to hold its AGM, the hearing for the Application and the timing thereof, the anticipated closing of the Transaction, Robinhood's deployment of its proprietary technology upon closing, and the satisfaction of the conditions to closing of the Transaction.
In connection with the forward-looking information contained in this press release, the Company has made certain assumptions, including that none of the risks identified below materialize, there are no unforeseen changes to economic and market conditions, no significant events occur outside the ordinary course of business and other expectations and assumptions concerning the Application for relief from the Court to extend the deadline to hold its AGM and the Transaction. While these opinions, estimates and assumptions are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this press release, they are subject to known and unknown risks and uncertainties including, but not limited to: the risk that the hearing for the Application for relief from the Court to extend the deadline to hold its AGM will not be held as contemplated, or at all; the risk that the parties are unable to complete, in a timely manner, pre-closing integration work or do not receive the necessary regulatory approvals to allow the Transaction to close; the risk that the parties are unable to satisfy, in a timely manner, the other conditions for the completion of the Transaction; and the possibility that the Transaction will not be completed on the terms and conditions, or timing, currently contemplated. A more comprehensive description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi or the Transaction are set out in the Company's management information circular dated June 13, 2025, and its most recent annual information form and management's discussion and analysis and financial statements, which are available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.
If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents the Company's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293265