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Mogo to nearly double stake in Coinsquare to 37 percent
Vancouver FinTech company Mogo has announced plans to increase its ownership position in Coinsquare by purchasing an additional 5.4 million common shares in the Toronto-based cryptocurrency startup.
The two firms have entered an agreement that will see Mogo grow its ownership stake in Coinsquare from almost 20 to 37 percent. To achieve this, Mogo intends to pay between $46.9 million CAD and $48.6 million total, in either cash or common shares. Mogo also holds a warrant that, if exercised, would permit the Vancouver company to increase its Coinsquare stake to 48 percent.
”We see a long runway for growth as more and more Canadians look for exposure to cryptocurrencies through a trusted, well-established provider.” ....

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