Katapult Holdings Announces Major Merger Agreement
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Katapult Holdings announced a merger agreement with CCF Holdings LLC and Aaron’s Intermediate Holdco, Inc. The merger involves equity exchanges and stock issuance, aiming to consolidate the companies. Post-merger, Katapult stockholders will own 6%, CCFI unitholders 79.9%, and Aaron’s stockholders 14.1% of the new entity. The merger requires regulatory approvals and includes agreements to ensure smooth execution. It will significantly change Katapult's ownership and governance, impacting its market position.
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