Pursuant to the strategic investment agreement (the “Investment”) between Coinsquare, Mogo and certain shareholders of Coinsquare (the “Vendors”), Mogo has acquired a 19.99% ownership interest in Coinsquare for aggregate consideration consisting of a cash payment of $27.4 million and the issuance of 2,807,577 common shares of Mogo to Coinsquare and the Vendors. Sources familiar with Coinsquare’s ICO claim that the ICO will be launched at TSX (Toronto Stock Exchange.) Founded in 2014, Coinsquare claims to be one of the world’s premier cryptocurrency platforms for trading Bitcoin, Ethereum, XRP, and other cryptocurrencies. VANCOUVER, British Columbia--(BUSINESS WIRE)--Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Firm”), a digital funds and monetary expertise firm, in the Mogo Completes Strategic Investment in Crypto Platform, Coinsquare - Crypto News BTC SQ | Complete Square Inc. Cl A stock news by MarketWatch. April 16, 2021 @ 2:00 pm By Samantha Hurst. Mogo Announces Strategic Investment in Coinsquare, Canada's Leading Digital Asset Trading Platform. The Investment also includes rights for Mogo to increase its ownership to up to 43% at a fixed price, through purchases of shares from current shareholders and the exercise of warrants under certain conditions.”. Coinsquare reported that per the investment agreement, Mogo has acquired a 19.99% ownership interest for aggregate consideration consisting of a cash payment of $27.4 million and the issuance of 2,807,577 common shares of Mogo to Coinsquare and shareholders. container: 'taboola-below-article-thumbnails', This is in contrast to much smaller cryptocurrency focused businesses in … View real-time stock prices and stock quotes for a full financial overview. Coinsquare’s subsidiary, Coinsquare Capital Markets Ltd., filed its application to operate as a marketplace and dealer in November of 2020. Strategy For a minimum ... NanoVMs Launches Investment Round On StartEngine. Asia The company also recently made some additions to its board of directors, including former president of the Toronto Stock Exchange Nicholas Thadaney, and Wendy Rudd, former senior vice president at IIROC. Coinsquare Ltd (“Coinsquare”), Canada’s leading digital asset trading platform, is pleased to announce the closing of the previously announced strategic investment in Coinsquare by Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), a digital payments and financial technology company. Coinsquare is engaging with Canadian regulators to establish industry standards for online platforms that offer trading in cryptoassets and related financial services. Digital Assets Insider® Coinsquare will sell its IPO shares on the Toronto Stock Exchange (TSX) in order to gain much broader attention. CPE News (2/11/2021) – Mogo Inc. (TSX/NASDAQ: MOGO) has completed its previously announced strategic investment in Coinsquare Ltd. and has acquired a 19.99% ownership interest in Coinsquare for total aggregate consideration of $56.39 million, consisting of a cash payment of $27.4 million and the issuance of 2,807,577 common shares of Mogo at a deemed price of $9.20-10.82 per … Last year, Coinsquare, the Toronto-based company recorded tremendous growth. Politics Neptune currently operates 15 Masternodes and … Coinsquare has built a premier crypto platform and a leading market position in Canada,” said David Feller, CEO of Mogo. Advertising: [email protected] Article Stock Quotes (1) ... (NASDAQ: MOGO) (TSX: MOGO), a digital payments and financial technology company. Coinsquare’s portfolio management division, last week, listed two ETFs on the Toronto Stock Exchange (TSX). About Us Coinsquare's preliminary Q1 … Coincapital is an investment and portfolio management unit which is owned by Coinsquare. We look forward to continuing to provide Mogo’s expansive client base with a trusted, secure and compliant platform to manage their digital asset portfolios.”, “With the global crypto market cap now at over $2 trillion, doubling in just a few months, it’s clear that crypto is not only the fastest-growing asset class but an increasingly important one that investors want access to. Index Fund (THNK). Privacy Policy. This is in contrast to much smaller cryptocurrency focused businesses in Canada utilizing a reverse takeover (RTO) scheme to be listed on the stock exchanges’ smaller subsidiary TSX Ventures. Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company, today announced its investment in Coinsquare Ltd. ("Coinsquare"), Canada's leading digital asset trading platform, including the execution of a definitive agreement (the "Agreement") for Mogo to acquire 19.99% ownership of Coinsquare's outstanding common shares on a … Coinsquare acts as the trading platform for MogoCrypto, a service Mogo launched in 2018 to allow its members an easy and convenient way to buy and sell bitcoin.
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