Mogo Inc. (MOGO) surged 90.47 percent to $1.90 on Tuesday after its portfolio company, WonderFi Technologies, revealed a definitive acquisition agreement with Robinhood Markets. Under the deal, Robinhood will acquire all outstanding WonderFi shares at C$0.36 per share in an all-cash transaction valued at approximately C$250 million, representing a 41 percent premium to WonderFi's prior close.
MOGO shares opened at $1.01 and jumped as high as $2.73 during intraday trading on the Nasdaq. Volume exploded to 95.6 million shares, vastly exceeding the average daily volume of about 76,000. The stock's 52-week range now stands between $0.74 and $2.73.
The deal reinforces investor confidence in Mogo's investment in WonderFi and highlights the strategic value of its digital asset exposure.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.