Katapult Holding, an e-commerce financial technology company, and FinServ Acquisition today announced that they have entered into a definitive merger agreement.
Total consideration paid to Katapult’s existing shareholders would be $833 million.
Upon closing the combined company would operate as Katapult and trade on the Nasdaq under “KPLT”. The transaction reflects an implied pro forma combined enterprise value of approximately $1 billion.
Katapult is a provider of e-commerce point-of-sale purchase options for nonprime US consumers. Katapult’s fully digital platform provides consumers with a flexible lease purchase option on durable goods. Read more.