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Mogo Announces Strategic Investment in Coinsquare, Canada’s Leading Digital Asset Trading Platform
02/11/21, 12:02 PM
Location
london
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 post-transaction basis for total consideration of approximately $56.4 million. The Agreement also includes rights for Mogo to acquire an additional 20% ownership interest in Coinsquare through purchases of shares from current shareholders and the exercise of warrants under certain conditions (refer to “Terms of the Transaction”), for consideration based on a pre-money valuation of Coinsquare ranging from $250-350 million
Company Info
Location
london, england, united kingdom
Additional Info
SGAM Advisors LLC is a newly formed subsidiary of Seaport Global Holdings LLC, a leading capital markets and asset management firm providing robust sales, trading, and research services and the resources of a full-service investment bank. SGAM Advisors LLC aims to leverage and enhance distribution capacity and grow the assets under management of acquired companies.
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