WonderFi Technologies Inc (TSE:WNDR) has released an update.
WonderFi Technologies Inc. has announced that it will commence a normal course issuer bid (NCIB) to repurchase and cancel up to 6.6% of its public float, which amounts to 25,126,596 common shares. The bid will start on April 10, 2024 and is seen by the company’s board as an advantageous use of its cash reserves, aiming to benefit the company and its shareholders. This strategic move is subject to market conditions and will be conducted via the Toronto Stock Exchange and other Canadian trading systems.
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