Vancouver, British Columbia- November 1, 2021 – WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF) (the “Company” or “WonderFi”) today announced it has received approval from its Board of Directors to purchase up to $10 million CAD in digital assets weighted across key assets that drive value in the decentralized finance (“DeFi”) sector, adding to its existing balance of long-term holdings.
Last week, WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF) closed a bought deal financing of approximately $26 million CAD led by Canaccord Genuity Corp. The majority of proceeds from the financing have been allocated to the execution of WonderFi’s product development roadmap and distribution of its products to a global audience, with a portion being allocated to the growth of the Company’s digital asset portfolio.
WonderFi Technologies Inc.’s (NEO: WNDR)(OTC:WONDF) crypto and DeFi asset allocation are driven by research and data insights from the sector, and the Company targets assets that provide long-term value. All assets are screened for technology risk, market risk, and governance risk prior to acquisition and are monitored on an ongoing basis.
WonderFi Technologies Inc.’s (NEO: WNDR)(OTC:WONDF) purchases will be executed using a dollar-cost averaging strategy in order to mitigate short-term price volatility in the assets. The Company intends to generate yield on certain digital assets held in its treasury through staking and other DeFi mechanisms, in circumstances where the Company deems it to be sufficiently secure to do so.
About WonderFi
WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF) is a leading technology company with the mission of creating better access to DeFi through the core principles of simplicity and education. WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF) has a multi-pronged business strategy that includes a high-growth consumer finance app that will serve as a trusted gateway to the new financial system, and a digital asset portfolio that consists of leading crypto and DeFi assets. WonderFi Technologies Inc.’s (NEO: WNDR)(OTC:WONDF) executive team and Board of Directors have an established track record in finance and crypto, with previous experience at Amazon, Shopify, PayPal, Galaxy Digital, Hut 8, and BIGG Digital. WonderFi Technologies Inc.’s (NEO: WNDR)(OTC:WONDF) core team of engineers and technologists believe that everyone should have equal access to finance, and are aligned in the mission to empower people around the world to access DeFi in a simple, smart, and secure way. For more information, visit www.wonder.fi.
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition but instead represent only the Company’s beliefs regarding future events, plans, or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, or variations of such words. The forward-looking information and forward-looking statements contained herein may include but are not limited to, information concerning: purchasing additional digital assets and the ability of the Company to generate a yield from its digital assets held in treasury.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability of the Company to work effectively with strategic investors; and changes, in general, economic, business, and political conditions, including changes in the financial markets, changes in applicable laws, and compliance with extensive government regulation. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in its entirety by this notice.
Neither NEO Exchange nor its Regulation Services Provider (as that term is defined in policies of the NEO Exchange) accept responsibility for the adequacy or accuracy of this news release.
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