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Major Canadian Crypto Deal Set to Close After CIRO Approval Secured

AllPennyStocks.com - AllPennyStocks.com - Mon May 25, 11:20AM CDT
Major Canadian Crypto Deal Set to Close After CIRO Approval Secured

Canada’s cryptocurrency sector experienced a major shakeup last year when one of the country’s industry leaders announced it would be acquired by a global financial services powerhouse as part of a strategic growth-through-acquisition initiative.

Today, a further piece of that puzzle has been laid with WonderFi Technologies Inc. (TSX: WNDR)(OTCQB: WONDF) announcing that its subsidiary, Coinsquare Capital Markets Ltd., has received approval from the Canadian Investment Regulatory Organization (CIRO) for Robinhood Markets Inc. (Nasdaq: HOOD) to proceed with its previously announced acquisition of WonderFi. The regulatory approval, granted on May 20, 2026, marks the final major condition required to complete the transaction under the arrangement agreement first announced on May 13 of last year. With shareholder and court approvals already secured in 2025, the companies now expect the acquisition to officially close around June 1, 2026, pending customary closing conditions.

According to Robinhood, Canada is home to one of the world’s fastest-growing cryptocurrency markets, making today’s announcement welcome news for investors who have been patiently awaiting the completion of the acquisition.

Shares of WNDR are currently up 5.97% at $0.355 in late-morning trading.

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