Mogo names independent candidate for election to WonderFi’s Board

KAOS Capital, a significant shareholder in WonderFi Technologies (WONDF) announced its intent to nominate five highly experienced individuals to the WonderFi Board of Directors ahead of the annual general meeting scheduled to be held on May 21. KAOS’s call for change in the Board reflects its dissatisfaction with WonderFi’s lifeless stock performance and its failure to capitalize on its position as the only fully regulated crypto exchange in Canada. The current Board has overseen extremely poor performance as compared to other public securities in the global crypto space during the strongest bull run in history for crypto currencies like Bitcoin (BTC). “As the cryptocurrency (GBTC) )market rebounds, WonderFi is uniquely positioned to leverage its position as the only fully regulated crypto exchange in Canada,” said Adam Arviv, CEO of KAOS. “Strong leadership is imperative to capitalizing on this opportunity and the current Board has not shown itself to be capable or engaged enough to lead the way. Rather than engaging constructively and identifying a path forward, the current Board has taken the approach of stonewalling its shareholders. A proxy contest was not our first choice, but unfortunately is now required if shareholder value is to be protected and enhanced.”