Q: Last week Robinhood announced they will be acquiring Wonderfi Technologies for $0.36 per share. Do you believe there could be any meaningful risk of this deal not closing or the potential for the company to receive a competing offer?
5i Research Answer:
Anything in the financial sector can get an extra degree of scrutiny, but we would not expect issues here. The offer was at a 41% premium (71% against a 30-day average) and is all cash, but a company with deep pockets. We would not expect another party.