Katapult Holdings Inc. (NASDAQ:KPLT)stock surged Friday premarket after the company announced it has agreed to merge withThe Aaron's Company Inc. andCCF Holdings LLCin an all-stock transaction aimed at broadening access to retail goods and financial services for non-prime consumers.
The deal combines Katapult's digital lease-purchase platform with Aaron's extensive physical retail footprint and CCF's consumer credit operations, creating a more diversified, omnichannel offering under a single corporate structure.
Deal Overview
The transaction will result in Katapult shareholders owning about 6% of the combined company on a fully diluted basis...
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