- Blockchain Foundry (BCFN) has announced the positive outcome of the vote of the company’s shareholders
- Yesterday, the company held a special meeting of the shareholders regarding the previously-announced plan of arrangement
- Under the plan of arrangement, WonderFi Technologies Inc. (WNDR) will acquire all of the issued and outstanding common shares of Blockchain Foundry
- 99.78 per cent of the shareholders voted in support of the plan of arrangement
- Blockchain Foundry Inc was unchanged at $0.055 at 12:19 ET
Blockchain Foundry (BCFN) has announced the positive outcome of the vote of the company’s shareholders.
Yesterday, the company held a special meeting of the shareholders regarding the previously-announced plan of arrangement under the Business Corporations Act (British Columbia).
Under the plan of arrangement, WonderFi Technologies Inc. (WNDR) will acquire all of the issued and outstanding common shares of Blockchain Foundry.
In line with the arrangement, each shareholder will receive, for each share held, 0.2155 of a common share of WonderFi, subject to holdback for a customary working capital adjustment.
The special resolution approving the arrangement was required to be passed by at least two-thirds (66 2/3 per cent) of the votes cast at the meeting by the Shareholders voting in person or represented by proxy at the meeting.
A total of 34,098,256 shares were represented in person or by proxy at the meeting, representing approximately 27.95 per cent of the issued and outstanding shares.
99.78 per cent of the shareholders voted in support of the plan of arrangement.
See below for a summary of the voting on the Arrangement Resolution:
The company applied for a final order from the British Columbia Supreme Court on October 31, 2022.
Closing of the arrangement remains subject to certain customary closing conditions, including court approval. If these closing conditions are met, the arrangement is expected to close on or about November 7, 2022.
Blockchain Foundry develops and commercializes blockchain-based business and consumer solutions, with a focus on infrastructure for digital assets and NFTs. BCF also provides blockchain consulting services to corporate clients.
WonderFi is a leading technology company with the mission of creating better, unified access to digital assets through centralized and decentralized platforms.
Blockchain Foundry Inc. was unchanged at $0.055 at 12:19 ET.
