Blockchain News

Blockchain Foundry Obtains Final Order Approving Arrangement With Wonderfi

Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE: BCFN), a leading North American blockchain development firm, is pleased to announce that the Company has obtained a final order of the Supreme Court of British Columbia approving the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”), pursuant to which WonderFi Technologies Inc. (TSX:WNDR) (“WonderFi”) will acquire all of the issued and outstanding common shares (the “Shares”) of the Company.

Read : Global Fintech Interview with Mark Fidelman, Chief Executive Officer at SmartBlocks

Closing of the Arrangement remains subject to certain customary closing conditions. Assuming the satisfaction of these closing conditions, the Arrangement is expected to close on or about November 7, 2022. It is anticipated that the Shares will be delisted from the Canadian Securities Exchange following completion of the Arrangement.

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