The two corporations announced the $250 million deal just over a yr ago.
“WonderFi has extensive experience operating regulated crypto platforms that serve both novice and advanced crypto users, making it an ideal partner to advance Robinhood’s mission in Canada,” said Johann Kerbrat, General Manager of Crypto and International at Robinhood. “We are pleased to have completed our acquisition and look forward to offering innovative, user-focused investment products to Canadian customers.”
The acquisition brings Robinhood’s international funded customer base to 1 million, a rise of 300,000. WonderFi employees are set to hitch the 240 Robinhood employees already working in Canada. Robinhood established a Canadian headquarters in Toronto in 2024 as its technical center.
Apotex desires to sell shares value around $1 billion in an initial public offering
The pharmaceutical company Apotex Health Corp. plans to sell shares value around $1 billion as a part of its IPO. The company expects to sell between 41.7 million and 50 million shares at a price between $20 and $24 per share.
The plan calls for the sale of 35.4 million to 42.5 million shares in a treasury offering by the corporate totaling roughly $850 million. This also features a secondary offering of 6.25 to 7.5 million shares by certain shareholders with a complete value of roughly $150 million.
The selling shareholders are also expected to grant the underwriters an over-allotment option for as much as 6.25 to 7.5 million additional shares on the offering price
Apotex, which has applied to list its shares on the Toronto Stock Exchange, has a broad portfolio of generic drugs and consumer health products.
Cogeco faces a $1.7 billion non-cash charge related to its U.S. telecom business
Cogeco Communications Inc. and Cogeco Inc. expect to record a non-cash impairment charge of roughly $1.7 billion related to their U.S. telecommunications segment. The corporations indicate that the charge, net of deferred income taxes, reflects the competitive environment wherein they operate within the United States.
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The exact amount will probably be finalized and reflected within the financial statements for the third quarter of the 2026 financial yr.
Cogeco noted that the non-cash fee has no impact on the corporate’s money flow or day-to-day operations.
The company is working to strengthen its U.S. business, including expanding its wireless service.
Cogeco has 1.6 million residential and business customers in Canada and 13 states within the United States.
Source Google: Cogeco Communications Inc
Shopify pronounces a $3 billion increase to its existing share repurchase program
Shopify Inc. is adding $3 billion to its ongoing share repurchase program. The company says the rise is to repurchase Class A subordinate voting shares and increases its total repurchase authority to $5 billion.
As of June 1, Shopify said it had repurchased roughly $1.45 billion under its current share repurchase authorization. The Ottawa-based e-commerce company says it’s going to proceed to operate its share repurchase program with no set quarterly or annual minimum amounts.
Jeff Hoffmeister, Shopify’s chief financial officer, said the announcement shows confidence in the corporate’s sustainability.
Shopify is traded on each the TSX and Nasdaq and maintains its books in US dollars.
