Robinhood Shares Jump Nearly 10% Following Acquisition Deal For WonderFi: What’s Going On?
Posted On May 13, 2025
Robinhood Markets Inc. (NASDAQ:HOOD) shares are trading higher on Tuesday after the company announced it will acquire Canadian crypto trading platform WonderFi Technologies in an all-cash deal valued at approximately C$250 million ($178.9 million).
What To Know: The purchase price of C$0.36 (26 cents) per share represents a 41% premium to WonderFi’s last closing price and a 71% premium to its 30-day volume-weighted average price, signaling a significant premium for existing shareholders.
The deal will be executed through a statutory plan of arrangement, …
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