DealsOct 16, 2026, 05:31 PM
Enova International Terminates Merger Agreement with Grasshopper Bancorp for $4M
AI Summary
Enova International, Inc. and Grasshopper Bancorp, Inc. have mutually terminated their Agreement and Plan of Merger, originally entered into on December 10, 2025. As part of the termination agreement, Enova made a $4,000,000 cash payment to Grasshopper. Both companies have released each other from any further claims or liabilities related to the merger agreement and its termination, with specific clauses surviving for enforcement and confidentiality.
Key Highlights
- Enova International, Inc. and Grasshopper Bancorp, Inc. mutually terminated their Agreement and Plan of Merger.
- Enova paid $4,000,000 in cash to Grasshopper as part of the termination agreement.
- Neither party will incur additional fees or liabilities related to the terminated merger agreement.
- Both parties released each other from any claims arising from the merger agreement or its termination.
Price Impact
More from ENVA