On May 1, 2024, WonderFi Technologies Inc announced that in connection with the agreement with KAOS, it was essential for the WonderFi Board to secure an understanding with Mogo Inc. to ensure a strategy aligning with the long-term interests of the Company and all WonderFi shareholders. Mogo will maintain its current representation on WonderFi's Board with just one seat, despite seeking additional representation through the dissident slate. Mogo and WonderFi have established a more robust mutual standstill, and all IRA holders, including Mogo, have consented to a multi-year voting support agreement with modified nomination rights to demonstrate long-term stability.

The expiration of Mogo's nomination rights is now consistent with all other IRA holders. Additionally, Mogo has agreed to a managed divestiture program under which it will sell 20 million of its approximately 87 million WonderFi shares.