Mogo Announces Shareholder Approvals for its Acquisition of Digital Payments Company Carta Worldwide - Seite 2
A total of 9,488,979 common shares of the Company were voted at the Meeting online or by proxy, representing approximately 31.33% of the issued and outstanding common shares of the Company as at November 27, 2020. The Company has filed a report of voting results on the resolution voted upon at the Meeting under its profile on SEDAR at www.sedar.com.
Completion of the Transaction remains conditional upon approval of the Ontario Superior Court of Justice (the "Court") and certain other customary closing conditions. The application for the final order from the Court is scheduled to be heard on January 18, 2021. Assuming that all conditions to closing of the Transaction are satisfied or waived, the Transaction is expected to be completed on or about January 25, 2021.
This news release contains "forward-looking statements" within the meaning of applicable securities legislation, including statements regarding completion of the Transaction, the anticipated benefits of the Transaction, the impact of the Transaction on Mogo, Court approval and the timing for closing the Transaction. 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 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 and the Transaction, please refer to the “Risk Factors” section of Mogo’s current annual information form and the “Risks Associated with the Transaction” section of the Circular, both of which are available at www.sedar.com 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.