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WonderFi stock dips 1.6% after stock offering upsized

WonderFi stock dips 1.6% after stock offering upsized


Seeking Alpha
2022-01-14 19:00:24

WonderFi Technologies (OTCPK:WONDF -2.1%) stock slips the day after the DeFi-focused company increased the size of its planned stock offering to C$45M from C$35M. Proceeds will be used to partly fund the acquisition of First Ledger, the parent of BitBuy. The company also get a mention by investor Kevin O'Leary on CNBC today when he was touting Coinbase Global (NASDAQ:COIN). In discussing crypto-related stocks that will benefit even in a volatile market, investor Kevin O'Leary noted that Canada "just granted the very first market crypto exchange license with dealer-broker licenses and a company called WonderFi (OTCPK:WONDF) just bought it out last week. So I'm a big shareholder in WonderFi now," O'Leary said. Earlier this month, WonderFi (OTCPK:WONDF) agreed to buy the parent of Bitbuy for $206M

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