WonderFi Technologies (OTCPK:WONDF) said Monday it will acquire Coinberry, a Canadian cryptocurrency trading platform, for ~$38.3M in an all-stock deal. The deal will enable operational synergy and cost efficiency opportunities across WONDF, Bitbuy and Coinberry via user base integration, cross selling services and a combined global offering. The acquisition will add over 220K users to the WONDF ecosystem and over $100M of assets under custody as at Dec. 31. Coinberry shareholders will receive ~29.1M net newly issued WONDF shares. WONDF will nominate Andrei Poliakov and 1 Coinberry nominee as an independent member to its board at the next annual shareholder meeting. The deal is expected to close in Q2. Concurrently with the acquisition, Coinberry reached a settlement with Cinaport Acquisition regarding legal proceedings commenced by Cinaport against Coinberry on Dec. 21. The settlement amount will be deducted from the gross share consideration issued to Coinberry shareholders under the acquisition. Last month, WONDF
