FinServ/Katapult Definitive Proxy Now Effective

FinServ Acquisition

FinServ Acquisition said the SEC has declared effective its registration statement outling details of its proposed $1B deal with Katapult Holdings.

A shareholder vote is set for June 7.

Katapult Holding is an e-commerce financial technology company.

Total consideration paid to Katapult’s existing shareholders would be $833 million.

Pending shareholder approval, upon closing the combined company would operate as Katapult and trade on the Nasdaq under KPLT.

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.

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