The 2 corporations introduced the deal value $250 million simply over a 12 months in the past.
“WonderFi has in depth expertise working regulated crypto platforms that serve newbie and superior crypto customers alike, making it a super associate to speed up Robinhood’s mission in Canada,” mentioned Johann Kerbrat, basic supervisor of crypto and worldwide at Robinhood. “We’re happy to have closed our acquisition and stay up for delivering revolutionary, user-centric investing merchandise to Canadian prospects.”
The acquisition brings Robinhood’s worldwide funded buyer base to 1 million, a rise of 300,000. WonderFi workers are to hitch the 240 Robinhood employees already in Canada. Robinhood established a Canadian headquarters in Toronto in 2024 as an engineering hub.
Apotex seeking to promote about $1 billion in shares in preliminary public providing
Drug firm Apotex Well being Corp. says it’s seeking to promote about $1 billion value of shares in its preliminary public providing. The corporate says it expects to promote between 41.7 million and 50 million shares at a worth between $20 and $24 per share.
The plan contains the sale of between 35.4 million and 42.5 million shares in a treasury providing by the corporate valued at a complete of about $850 million. It additionally features a secondary providing of between 6.25 million and seven.5 million shares by sure shareholders valued at a complete of about $150 million.
The promoting shareholders are additionally anticipated to grant an over-allotment choice to the underwriters for as much as a further 6.25 million to 7.5 million shares on the providing worth
Apotex, which has utilized to listing the shares on the Toronto Inventory Alternate, has a broad portfolio of generic medicine and client well being merchandise.
Cogeco to take $1.7B non-cash cost associated to U.S. telecom enterprise
Cogeco Communications Inc. and Cogeco Inc. say they count on to take a non-cash impairment cost of about $1.7 billion associated to its U.S. telecommunications section. The businesses say the cost, internet of deferred earnings taxes, displays the aggressive atmosphere by which they function in the USA.
The precise quantity will likely be finalized and acknowledged of their monetary statements for the third quarter of their 2026 monetary 12 months.
Cogeco famous the non-cash cost doesn’t have an effect on its money flows or day-to-day operations.
It mentioned it’s working to strengthen its U.S. enterprise, together with rising its wi-fi service.
Cogeco has 1.6 million residential and enterprise subscribers in Canada and 13 states in the USA.
Supply Google: Cogeco Communications Inc
Shopify proclaims US$3-billion enhance to current share repurchase program
Shopify Inc. is boosting its ongoing share buyback program by US$3 billion. The corporate says the rise is for the repurchase of Class A subordinate voting shares and brings its combination repurchase authorization to US$5 billion.
As of June 1, Shopify says it has repurchased round US$1.45 billion underneath its present share repurchase authorization. The Ottawa-based e-commerce firm says it can proceed to execute its share repurchase program with no set quarterly or annual minimums.
Jeff Hoffmeister, Shopify’s chief monetary officer, says the announcement showcases confidence within the sturdiness of the enterprise.
Shopify trades on each the TSX and Nasdaq and retains its books in U.S. {dollars}.
