WonderFi Provides Update on Annual General Meeting

Core Viewpoint - WonderFi Technologies Inc. is facing regulatory challenges as the British Columbia Registrar of Companies denied its application for an extension to hold its 2025 annual general meeting (AGM), which is required by August 24, 2025, due to an impending transaction with Robinhood Markets, Inc. [1] Group 1: AGM and Compliance Issues - The Company intends to apply for relief from the Supreme Court of British Columbia to extend the deadline for holding its AGM [1] - Due to the delay in holding the AGM, the Company is currently not in compliance with section 464 of the TSX Company Manual, which mandates that companies listed on the Toronto Stock Exchange hold their annual meetings within six months from the end of their fiscal year [3] - The Company has requested a further extension from the TSX to hold its AGM [3] Group 2: Transaction with Robinhood - WonderFi and Robinhood are working on post-closing integration to facilitate the deployment of Robinhood's proprietary technology in Canada [2] - The Company anticipates closing the transaction with Robinhood in the first half of 2026, subject to the satisfaction or waiver of remaining conditions [2] Group 3: Company Overview - WonderFi is a leader in centralized and decentralized financial services, managing over $2.2 billion in client assets under custody [4] - The Company aims to provide diversified investment exposure across the global digital asset ecosystem and has a proven track record of launching new products [5] - WonderFi owns market-leading brands such as Bitbuy, Coinsquare, and Bitcoin.ca, positioning itself to capture market and wallet share through ongoing innovation in the digital asset space [5]