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Mogo Submits Early Warning Report

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Mogo Files Early Warning Report

Mogo Inc. has issued an early warning report in compliance with Canada's National Instrument 62-104 and National Instrument 62-103. The report pertains to Mogo's beneficial ownership, direction, and control over WonderFi Technologies Inc. common shares. Following the completion of a plan of arrangement involving WonderFi, Coinsquare, and CoinSmart Financial Inc., Mogo acquired and currently holds approximately 13% of WonderFi's issued and outstanding shares. Mogo intends to hold these shares for investment purposes but may adjust its ownership depending on market conditions. The company may engage with WonderFi's board and management on various matters related to the investment. WonderFi is listed on the Toronto Stock Exchange under the symbol "WNDR." For more information, the early warning report can be accessed on WonderFi's SEDAR+ profile or obtained from Mogo's head office.

Implications of Mogo's Early Warning Report for New Businesses

The recent early warning report filed by Mogo Inc. provides crucial insights for new businesses, particularly those in the financial technology sector.

Investment Strategy

Mogo's acquisition of approximately 13% of WonderFi's shares highlights the company's strategic investment approach. This move not only diversifies Mogo's investment portfolio but also positions it to potentially influence WonderFi's future direction. New businesses can learn from this strategic investment approach, which involves identifying and investing in companies with potential for growth.

Market Conditions

Mogo's statement that it may adjust its ownership of WonderFi shares based on market conditions underscores the importance of being responsive to market dynamics. For new businesses, this emphasizes the need to constantly monitor market conditions and adjust strategies accordingly.
Engagement with Investee Companies
Mogo's potential engagement with WonderFi's board and management on various matters related to the investment demonstrates the active role that investors can play in the companies they invest in. This is a crucial lesson for new businesses, both in terms of managing their investors and in their role as potential investors themselves.
Story First Published at: https://financialpost.com/pmn/business-wire-news-releases-pmn/mogo-files-early-warning-report
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