Benzinga | Dec 9, 2021 09:47PM EST

Mogo Announces $27.5M Registered Direct Offering

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) ("Mogo" or the "Company"), a financial technology, digital payments and crypto company, announced today that it has entered into definitive agreements with certain institutional investors for the sale of an aggregate of 6,111,112 common shares and warrants to purchase up to an aggregate of 3,055,556 common shares (each whole warrant, a "Warrant" and each common share and one-half of one Warrant, a "Unit"), at a purchase price of US$4.50 per Unit, in a registered direct offering (the "Offering"). The aggregate gross proceeds to the Company are expected to be approximately US$27.5 million, before deducting placement agent's fees and expenses of the Offering payable by the Company. The Offering is expected to close on or about December 13, 2021, subject to satisfaction of customary closing conditions.