Mogo expresses support for WonderFi, KAOS Capital cooperation agreement

Mogo (MOGO) expressed its support for the full slate of nine directors to stand for election at the 2024 annual meeting of WonderFi Technologies (WONDF), including the three new nominees. The Company also expressed its support for the cooperation agreement between WonderFi and KAOS Capital. In connection with the Agreement, Mogo entered into an expanded mutual standstill with WonderFi. Additionally, all parties to the WonderFi investor rights agreements, including Mogo, have consented to a multi-year voting support agreement whereby the IRA Holders have agreed to modified board nomination rights, to vote with management on certain key issues, as well as to keep the WonderFi board at nine members through the 2026 annual general meeting. Mogo will maintain its one seat on WonderFi’s board. Mogo has also agreed to sell up to 20 million of its approximately 87 million WonderFi shares over time and subject to certain terms and conditions. Mogo also granted KAOS a right of first refusal over up to 20 million WonderFi shares that Mogo may sell before the WonderFi 2026 annual general meeting, which applies to the same 20 million shares Mogo agreed to dispose of with WonderFi.