Brief: Mogo Expands Into Global B2B FinTech Market With Acquisition Of Digital Payments Technology Company Carta Worldwide

Orion Digital

17/11/2020 12:40

Nov 17 (Reuters) - Mogo Inc (British Columbia)  MOGO.TO :
    * MOGO EXPANDS INTO GLOBAL B2B FINTECH MARKET WITH
ACQUISITION OF
DIGITAL PAYMENTS TECHNOLOGY COMPANY CARTA WORLDWIDE
    * MOGO EXPANDS INTO GLOBAL B2B FINTECH MARKET WITH
ACQUISITION OF
DIGITAL PAYMENTS TECHNOLOGY COMPANY CARTA WORLDWIDE
    * MOGO INC - DEAL IN EXCHANGE FOR ISSUANCE OF 10 MILLION
COMMON
SHARES WHICH IS EQUAL TO A PURCHASE PRICE OF $24.2 MILLION
    * MOGO - ALL-STOCK DEAL WITH NO SHARES DISTRIBUTED TO CARTA
SHAREHOLDERS UNTIL EARLIER OF MOGO'S 10-DAY VWAP ON TSX REACHING
$7.45 OR DEC 2021
    * MOGO INC - ON A PRO FORMA BASIS, CARTA SHAREHOLDERS WILL
OWN
APPROXIMATELY 18% OF MOGO'S FULLY DILUTED SHARES
    * MOGO INC - FOLLOWING DEAL COMPLETION, CO WILL INTEGRATE
CARTA'S
TRANSACTION PROCESSING TECHNOLOGY WITH ITS CURRENT MOGOSPEND
PRODUCT

Source text for Eikon:  ID:nBwbS36t1a 
Further company coverage:  MOGO.TO 

 ((Reuters.Briefs@thomsonreuters.com;))