Mogo announces US$54-million direct offering


The Vancouver-based fintech entered into an agreement with institutional investors to sell about 5.4 million common shares at US$10.10 each. (The Logic)

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Talking point: Mogo also announced an issue of unregistered warrants for about 2.7 million common shares. The company expects a portion of the offering’s net proceeds to pay for the cash portion of its Coinsquare investment. Mogo announced earlier this month it was acquiring 19.99 per cent of the digital-asset trading platform for $56.4 million, with the right to grow its ownership to 40 per cent.