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TheNewswire
2 months ago
Michael Wekerle Announces Holdings In Orion Digital Corp.
Toronto, Ontario - May 12, 2026 - TheNewswire - Michael Wekerle (the “Acquiror”) announces that, on May 6, 2026 and May 7, 2026, the Acquiror acquired an aggregate of 50,000 common shares (the “Shares”) in the capital of Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) (“Orion Digital” or the “Issuer”) at a weighted average price of approximately C$1.398 per Share for aggregate consideration of approximately C$69,916 (the “Acquisition”). The Acquisition consisted of a series of purchases made over the facilities of the Toronto Stock Exchange and certain alternative markets where the Shares are posted for trading. Prior to the Acquisition, the Acquiror beneficially owned, or exercised control or direction over, 2,370,959 Shares on a non-diluted basis, representing approximately 9.92% of the issued and outstanding Shares, and held 175,833 vested stock options (the “Options”), each Option exercisable to acquire one Share pursuant to the terms of the Company's stock option plan. Including the Options, prior to the Acquisition, the Acquiror beneficially owned, or exercised control or direction over, 2,546,792 Shares and securities exercisable into Shares, representing approximately 10.58% of the issued and outstanding Shares (on a partially diluted basis).
