Coinspeaker
WonderFi in Merger Talks with Coinsquare
A Bloomberg report suggesting that WonderFi is in talks with Coinsquare over a potential merger has emerged. In that report, Bloomberg noted that the merger talks were advanced and an official announcement could follow in a few days. If the merger is successful, Coinsquare holders may take a majority stake in the combined company, as well as on the board of the new firm.
Following the report, the shares of WonderFi rose by up to about 30%, forcing the Toronto Stock Exchange to halt the trading of the shares. What makes the news even more plausible is that Coinsquare recently terminated its earlier announced merger with CoinSmart. CoinSmart CEO Justin Hartzman noted that the decision to pull out of the merger took him by surprise.
WonderFi has since responded to the rumor at the instance of the Investment Industry Regulatory Organization of Canada (IIROC). According to its public statement, the firm can neither confirm nor deny the re
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