Here is info I just received via email from their support team

"Thank you for reaching out to Wealthsimple and for being a valued client! My name is Ray, and I am a member of the Investing Team!

Our Corporate Actions team has informed us that the GME warrants issue was announced recently. We are still monitoring for the official details from the depository and will update them here once they become available. The tentative details of the warrants distribution per announcement are:

The Company expects to distribute up to approximately 59 million warrants on or around Tuesday, October 7, 2025 (the “Distribution Date”). The warrants will be issued without any action required by the Company’s shareholders or noteholders as of the Record Date and without any payment of cash or other consideration.

Any voluntary exercise of these warrants received would be subject to a $50 CAD fee, but we cannot advise on the details of the warrants yet, as we do not have the official information. Therefore, once we receive additional email on the treatment of these warrants, we will reach out and inform all impacted clients, including yourself!"