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MOGO

MOGO US Stock
$8.01
Open: $9.06 High: $9.29 Low: $7.85 Close: $8.02
Range: 2021-03-02 - 2021-03-03
Volume: 4,853,242
Market: Extended-hours
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MOGO
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MOGO News
Latest news about the MOGO
  • Mogo Announces Closing of US$54 Million Registered Direct Offering Priced At-the-Market

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a financial technology, digital payments and crypto company, announced today that it has closed its previously announced sale to certain institutional investors of an aggregate of 5,346,536 common shares at a purchase price of US$10.10 per common share in a registered direct offering (the "Offering") priced at-the-market under the Nasdaq Capital Market (the "Nasdaq") rules. The aggregate gross proceeds to the Company were approximately US$54 million, and after deducting the placement agent’s fees and the estimated expenses of the Offering, the net proceeds from the Offering will be approximately US$49.7 million.

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  • Lithium Prices Soar As Tesla, Apple And Google Fight For Supply

    Battery makers are desperate to bring new lithium sources on-line. Now one little-known company’s European discovery could prove to be the right asset...in the right place...at the right time

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  • Mogo Raises $54M Via Equity For Coinsquare Acquisition

    Mogo Inc. (NASDAQ: MOGO) priced 5.34 million shares at $10.10 per share to raise $54 million in a secondary offering. The offer price signifies a 6.2% discount to the Friday closing price of $10.77. The offering proceeds will be partly used to fund the cash component of Coinsquare acquisition and the remaining for general corporate and working capital purposes. The company has also issued unregistered warrants to purchase up to 2.67 million shares at an exercise price of $11 per share in a concurrent private placement. Mogo posted a robust bitcoin transaction volume in January. The share prices have climbed 399% in the last quarter. The offering is expected to close by February 24, 2021. H.C. Wainwright & Co. is the placement agent for the offering. Price action: MOGO shares are down 12.1% at $9.47 in the pre-market session on the last check Monday. See more from BenzingaClick here for options trades from BenzingaMogo Forays Into 0B US Payment Market Via Subsidiary CartaMogo Acquires 20% Stake In Coinsquare For .4M© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Mogo Announces US$54 Million Registered Direct Offering Priced At-the-Market

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a financial technology, digital payments and crypto company, announced today that it has entered into definitive agreements with certain institutional investors for the sale of an aggregate of 5,346,536 common shares at a purchase price of US$10.10 per common share in a registered direct offering (the "Offering") priced at-the-market under the Nasdaq Capital Market (the "Nasdaq") rules. The aggregate gross proceeds to the Company are expected to be approximately US$54 million, before deducting placement agent's fees and expenses of the Offering payable by the Company. The Offering is expected to close on or about February 24, 2021, subject to satisfaction of customary closing conditions.

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  • Mogo Forays Into $500B US Payment Market Via Subsidiary Carta

    Mogo Inc. (NASDAQ: MOGO) announced the U.S. expansion of its modern card issuing subsidiary, Carta Worldwide, to tap the $500 billion North American payment market. Carta will begin positioning innovative card products for its initial group of clients in the first quarter of 2021, followed by its customer base of banks and fintech companies in the coming quarters. Carta’s modern open-API issuer platform is powering global innovative fintech companies encompassing over 100 card programs and vital processing technology to players, including TransferWise, Sodexo SA (OTC: SDXAY), and Payfare. It was presently operating in Europe, APAC, Latin America, and Canada. Carta’s offering includes multi-currency (Including crypto) innovations. Price action: MOGO shares were down 10.8% at $9.80 on the last check Thursday. See more from BenzingaClick here for options trades from BenzingaMogo Acquires 20% Stake In Coinsquare For .4M© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Mogo Expands into U.S. Digital Payments Market through Subsidiary, Carta Worldwide

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company, today announced that its wholly owned subsidiary, Carta Worldwide ("Carta"), a modern card issuing platform, is expanding into the U.S. – the world’s largest payments market. Carta will begin deploying innovative card products for its initial group of clients in Q1 2021 and expects to further expand its customer base of banks and fintech companies in the coming quarters.

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  • Wekerle-Backed Fintech Firm Mogo Surges on Crypto Exchange Deal

    (Bloomberg) -- Mogo Inc. shares extended their rally after buying a stake in a cryptocurrency exchange, deepening the company’s exposure to Bitcoin.Vancouver-based Mogo announced a deal to buy just under 20% of Coinsquare Ltd. for about C$56.4 million ($44.5 million) on Thursday, with the option to buy an additional 20% via share purchases and exercising of warrants. The deal is expected to close during the first quarter.Mogo rose 2.7% to C$12.14 as of 12:45 p.m. on Friday, bringing its gain for the week to 70%. It touched C$15 on Tuesday.Difference Capital Financial Inc., a venture firm co-founded by former Bay Street trader Michael Wekerle, merged with Mogo in 2019 through a share swap. Wekerle is a director and the top shareholder of Mogo, owning about 12.4% of the shares outstanding, according to data compiled by Bloomberg. That stake is now worth about C$64 million.Coinsquare acts as the trading platform for MogoCrypto, a service Mogo launched in 2018 to allow its users to buy and sell Bitcoin. Coinsquare grew to more than C$525 million in trading volume for January, and has more C$500 million in assets under management as of Feb. 9, according to Mogo’s statement.Mogo’s deal “more firmly ties the company to the surge in Bitcoin popularity and activity,” Doug Taylor, a Toronto-based analyst at Canaccord Genuity, said in a note to clients.Bitcoin trading revenue represents about 10% of Mogo’s overall revenue, Taylor estimates. He downgraded Mogo to a hold recommendation from a speculative buy after the share run, boosting its price target to C$13 from C$6.Analysts at Eight Capital stayed bullish, maintaining a buy rating and boosting Mogo’s price target to a Street high of C$16, from C$10. The deal “future proofs Mogo as Bitcoin continues to see greater mainstream acceptance and becomes a more material part of their business,” analyst Suthan Sukumar wrote in a note to clients.Bitcoin, the world’s largest digital asset, was trading at nearly $48,000 as of 12:59 p.m. on Friday afternoon.Read more: North America’s First Bitcoin ETF Gets Green Light in CanadaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Mogo to Participate in the Jefferies Electronic Payments Summit

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company, today announced that Greg Feller, President, will be participating in the Jefferies Electronic Payments Summit, which is being held February 17, 2021. Mogo is participating in a panel discussion on "Driving the Daily Utility of Bitcoin & Crypto" and will also be available for one-on-one meetings.

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  • Mogo Acquires 20% Stake In Coinsquare For $56.4M

    Mogo Inc. (NASDAQ: MOGO) inked an agreement to acquire a 19.99% stake in Canada’s digital asset trading platform Coinsquare Ltd for $56.4 million. The agreement includes an additional acquisition right of a 20% stake in Coinsquare through purchases of shares from current shareholders for a consideration based on pre-money valuation ranging between $250 million and $350 million. The investment builds on a multi-year relationship between the two companies as Coinsquare is the trading platform for Mogo’s bitcoin trading service MogoCrypto. Mogo will appoint one nominee to Coinsquare’s board, which may increase to two nominees. Coinsquare will be allowed to appoint one nominee to the Mogo’s board. The agreement is expected to close by the first quarter of 2021. Mogo recently posted a robust bitcoin transaction volume in January. The company had declared preliminary corporate investment plans of up to $1.5 million in bitcoin with further investment plans in 2021 upon the monetization of its $17 million investment portfolio. Price action: MOGO shares are up 5.2% at $9.54 on the last check Thursday. See more from BenzingaClick here for options trades from BenzingaMogo Posts Robust Bitcoin Transaction Volume In January© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Mogo Announces Strategic Investment in Coinsquare, Canada’s Leading Digital Asset Trading Platform

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company, today announced its investment in Coinsquare Ltd. ("Coinsquare"), Canada’s leading digital asset trading platform, including the execution of a definitive agreement (the "Agreement") for Mogo to acquire 19.99% ownership of Coinsquare’s outstanding common shares on a post-transaction basis for total consideration of approximately $56.4 million. The Agreement also includes rights for Mogo to acquire an additional 20% ownership interest in Coinsquare through purchases of shares from current shareholders and the exercise of warrants under certain conditions (refer to "Terms of the Transaction"), for consideration based on a pre-money valuation of Coinsquare ranging from $250-350 million. This strategic investment builds on a multi-year relationship between the two companies. Coinsquare acts as the trading platform for MogoCrypto, a service Mogo launched in 2018 to allow its members an easy and convenient way to buy and sell bitcoin.

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  • 7 public companies with exposure to bitcoin

    Now that Tesla has invested significantly in bitcoin, Fundstrat's Tom Lee points to seven companies as ways to invest in the digital currency.

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  • Carta Worldwide Expands into Japan

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) a digital payments and financial technology company, today announced that its wholly owned subsidiary, Carta Worldwide ("Carta"), has expanded into Japan in support of the TransferWise launch of their multi-currency debit card in the country.

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  • Mogo Reports Over 300% Increase in Bitcoin Transaction Volume in January

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company, today reported strong month-over-month growth in several key metrics in January related to its bitcoin account as an increasing number of Canadians look to gain access to this emerging digital asset.

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  • Mogo Completes Acquisition of Digital Payments Company Carta Worldwide

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company empowering the next generation of consumers, today announced the closing of its acquisition of Carta Solutions Holding Corporation ("Carta"), a leader in providing next-gen digital payments solutions. The acquisition was previously disclosed in a press release on November 17, 2020.

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  • Mogo Introduces 1% Bitcoin Cashback Rewards

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company empowering the next generation of consumers, today announced that their first-of-its-kind bitcoin rewards program has been extended to include the Mogo Visa* Platinum Prepaid Card ("MogoCard") and digital spending account. Beginning this month, members will earn 1% bitcoin cashback rewards for every purchase made on their MogoCard. Their rewards will be deposited monthly in cash directly into their bitcoin and rewards account.

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  • Mogo Announces Shareholder Approvals for its Acquisition of Digital Payments Company Carta Worldwide

    Mogo Inc. (NASDAQ: MOGO; TSX: MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company empowering the next generation of consumers with innovative financial products including buying and selling of Bitcoin through its mobile app, is pleased to announce that Mogo shareholders and Carta securityholders, at separate meetings held on January 15, 2021, voted to approve the acquisition of Carta Solutions Holding Corporation ("Carta") by Mogo pursuant to a plan of arrangement under section 192 of the Canada Business Corporations Act (the "Transaction").

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  • Mogo Now Helping Over 1.1 Million Canadians Improve Their Financial Health

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company empowering the next generation of consumers with innovative financial products including buying and selling of Bitcoin through its mobile app, today announced the second consecutive quarter of accelerating new member growth, with net member additions in Q4 2020 increasing by 55% versus Q3 2020. Mogo ended 2020 with more than 1.1 million members, placing it among the largest fintech companies in Canada by total members.

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  • Mogo Appoints Former Square Canada Head of Marketing as Vice President of Marketing

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company empowering the next generation of consumers with innovative financial products including buying and selling of Bitcoin through its mobile app, today announced the appointment of highly experienced marketing executive Christopher Day as its new Vice President of Marketing.

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  • Mogo's (MOGO) Shares March Higher, Can It Continue?

    As of late, it has definitely been a great time to be an investor in Mogo (MOGO).

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  • Mogo to Participate in the 23rd Annual Needham Virtual Growth Conference

    Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a digital payments and financial technology company empowering the next generation of consumers with innovative financial products including buying and selling of Bitcoin through its mobile app, today announced that Greg Feller, President, will be participating in the 23rd Annual Needham Virtual Growth Conference, which is being held January 11-15, 2021. Mogo is scheduled to deliver a virtual presentation on January 15 at 11:30am ET and will also be participating in one-on-one meetings that day.

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