Mogo Inc. Repurchases Over 250,000 Shares Year to Date, Enhancing Shareholder Value

Mogo Inc., a leading financial technology company in Canada, has announced that it repurchased a total of 254,456 shares under its common share buyback program. During the three months ended September 30, 2023, the company repurchased and cancelled 134,502 shares on NASDAQ and the Toronto Stock Exchange (TSX). This brings the total number of shares repurchased for the fiscal year to date to 254,456.

Mogo is committed to enhancing long-term shareholder value and believes that the market price of its common shares does not accurately reflect their underlying value. By repurchasing and cancelling these shares, the company aims to align the market price with its true worth.

The shares were acquired at an average price of US$1.7977 on NASDAQ and CA$2.0650 on the TSX during the third quarter of 2023. It is important to note that all share amounts and prices mentioned in this press release have been adjusted to reflect the 3:1 share consolidation implemented in August 2023.

Mogo, as one of Canada’s leading digital finance companies, offers a range of digital solutions to empower its members in building wealth and achieving financial freedom. Its trade app, MogoTrade, provides commission-free stock trading, allowing users to make a positive impact with every investment. Together with Moka, Mogo’s subsidiary offering automated, fully-managed flat-fee investing, these services form the core of Mogo’s digital wealth platform. Additionally, Mogo offers digital loans and mortgages, and through its subsidiary Carta Worldwide, it provides a digital payments platform for innovative fintech companies in Europe and Canada.

For more information about Mogo and its offerings, visit mogo.ca or download the mobile app available on iOS and Android devices.

Source: [Business Wire](https://www.businesswire.com/news/home/20231005983833/en/)