Mogo Announces Filing of Preliminary Base Shelf Prospectus to Replace Recently Expired Base Shelf Prospectus

Author of the article: Published Aug 04, 2023  •  3 minute read VANCOUVER, British Columbia — Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies, today announced that it has filed a preliminary short form base shelf prospectus (the “Shelf Prospectus”) with the securities commissions in each of the…
Mogo Announces Filing of Preliminary Base Shelf Prospectus to Replace Recently Expired Base Shelf Prospectus

Author of the article:

Published Aug 04, 2023  •  3 minute read

VANCOUVER, British Columbia — Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies, today announced that it has filed a preliminary short form base shelf prospectus (the “Shelf Prospectus”) with the securities commissions in each of the provinces of Canada, except Quebec. The Shelf Prospectus, when made final and effective, will enable Mogo to offer up to US$250 million of common shares, preferred shares, debt securities, warrants to purchase common shares, preferred shares or debt securities, or any combination thereof (collectively, the “Securities”) at any time during the 25-month period that the Shelf Prospectus remains effective. The final base shelf prospectus is expected to be filed in the week of August 14, 2023, and will replace the Company’s previous short form base shelf prospectus which expired on May 15, 2023.

Advertisement 2

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
  • Daily content from Financial Times, the world’s leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
  • Daily content from Financial Times, the world’s leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

The terms of future offerings, the intended use of the net proceeds resulting from such offerings and the terms of the Securities to be offered, if any, will be established at the time of any such offering and will be described in a prospectus supplement filed with the applicable Canadian securities commissions at the time of such an offering. The Company currently has no plans to undertake a financing.

Article content

A copy of the Shelf Prospectus is available at www.sedarplus.ca.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Mogo

Mogo, one of Canada’s leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo’s trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform. Mogo also offers digital loans and mortgages. Through Mogo’s wholly-owned subsidiary, Carta Worldwide, we also offer a digital payments platform that powers the next-generation card programs from innovative fintech companies in Europe and Canada. To learn more, please visit mogo.ca or download the mobile app ( iOS or Android).

Forward-Looking Statements

This news release may contain “forward-looking statements” within the meaning of applicable securities legislation, including statements regarding the Shelf Prospectus, the effectiveness and timing thereof and any future offerings. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo’s growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, many of which are outside of Mogo’s control. For a description of the risks associated with Mogo’s business please refer to the “Risk Factors” section of Mogo’s current annual information form, which is available at www.sedarplus.ca and www.sec.gov. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230804598483/en/

Contacts

Craig Armitage

Investor Relations

[email protected]

(416) 347-8954

US Investor Relations

Lytham Partners, LLC

Ben Shamsian

New York | Phoenix

[email protected]

(646) 829-9701

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
U.S. and Euro-Area GDP Data to Show First War Effects: Eco Week
Read More

U.S. and Euro-Area GDP Data to Show First War Effects: Eco Week

Author of the article: Bloomberg News William Horobin and Vince Golle (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The U.S. and the euro area are scheduled to provide quarterly growth readings in the coming week for the start of 2022, an early indication of how Russia’s war in…
Cresco Labs Expands Sunnyside in East Central Florida with New Store in Palm Bay
Read More

Cresco Labs Expands Sunnyside in East Central Florida with New Store in Palm Bay

Author of the article: Published Aug 07, 2023  •  2 minute read Cresco Labs opened a new Sunnyside dispensary at 1260 Malabar Rd. in Palm Bay. Sunnyside has 32 stores in Florida. Business Wire CHICAGO — Cresco Labs (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “the Company”), a vertically integrated, multi-state operator and the cannabis industry’s…
Defiance Launches $JEPY, the Only ETF to Utilize Daily Options (0DTE) on the S&P 500 for Enhanced Income, Paid Monthly.
Read More

Defiance Launches $JEPY, the Only ETF to Utilize Daily Options (0DTE) on the S&P 500 for Enhanced Income, Paid Monthly.

Author of the article: Published Sep 19, 2023  •  5 minute read Defiance S&P 500 Enhanced Option Income ETF, JEPY. Business Wire MIAMI — Defiance ETFs, a pioneer in thematic and income ETFs, proudly introduces JEPY, the Defiance S&P 500 Enhanced Option Income ETF. JEPY, an actively managed put-write ETF, harnesses the power of daily…
Citi Raises Base Rate
Read More

Citi Raises Base Rate

NEW YORK — Citibank, N.A. said today it has raised its base lending rate to 7.75% from 7.50%, effective tomorrow, Thursday, February 02, 2023. Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. By clicking on the sign up button you consent…