- WonderFi aims to make its shares available to investors worldwide.
- The company bought Bitbuy for $162 million in March.
- The firm has filed for registration with the U.S. Securities and Exchange Commission.
After the stock began trading on the Toronto Stock Exchange, WonderFi, the crypto marketplace, applied to list itself on Nasdaq with an aim of enhancing its worldwide image via making its shares available to a large network of investors.
PRESS RELEASE: WonderFi Announces Submission of NASDAQ Listing Application and Filing of SEC Registration Statement— WonderFi (@WonderFi) August 22, 2022
Click here to read the entire announcement 👇https://t.co/cf61XHFjI9 pic.twitter.com/coyvgIoDpj
By listing on Nasdaq and registering the shares in the US, the company will speed-up its international expansion strategy that it announced earlier. This will eventually improve the shareholder value besides impressing retail and institutional investors across the world.
CEO Ben Samaroo shared that the application does not signify the company is selling new shares or generating new funds. Instead, existing shares will be sold on Nasdaq.
With a market cap of C$82.3 million, WonderFi is quite active in acquisitions and has closed a purchase of Coinberry, a crypto trading platform, worth $30 million.