Mogo Extends Innovative Marketing Agreement With Postmedia To End Of 2024
Portfolio Pulse from Happy Mohamed
Mogo Inc., a digital payments and financial technology company, has extended its marketing collaboration agreement with Postmedia Network Inc. until December 31, 2024. Under the extended agreement, Mogo will receive discounted access to Postmedia's network. The companies also agreed to amend the exercise price of the 77,778 outstanding warrants of the Company held by Postmedia to $2.79 per share and extend the term of these warrants from January 25, 2023 to September 20, 2025. Mogo will also issue an additional 89,000 warrants.

August 11, 2023 | 6:15 pm
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Mogo's extended agreement with Postmedia could boost its brand awareness and member growth. The changes to the outstanding warrants could also impact the company's financials.
The extended marketing agreement with Postmedia could help Mogo increase its brand awareness and member growth, which could potentially boost its revenues. The changes to the outstanding warrants could also have financial implications for the company, depending on the future price of its shares.
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