Moneylion INC
Market Movers (8-K)
MoneyLion Inc. finalizes its merger with Gen Digital, resulting in the company becoming a wholly-owned subsidiary and its stock being delisted from the New York Stock Exchange.
MoneyLion stockholders approved the acquisition by Gen Digital, with the merger expected to close on April 17, 2025, leading to MoneyLion becoming a subsidiary and its stock delisting.
8-K: MoneyLion Addresses Merger Lawsuits with Supplemental Proxy Disclosures Ahead of Special Meeting
MoneyLion supplements its proxy statement related to the proposed merger with Gen Digital to address stockholder lawsuits and demand letters alleging disclosure deficiencies.
MoneyLion reports record revenue and adjusted EBITDA for 2024, along with a definitive agreement to be acquired by Gen Digital.
Better than expected
MoneyLion Inc. has agreed to be acquired by Gen Digital Inc. for $82 per share in cash plus a contingent value right (CVR), valuing the fintech company at a significant premium.
Gen Digital has agreed to acquire MoneyLion for approximately $1 billion in cash and contingent value rights, aiming to expand its financial wellness offerings.
Quarterly Earnings (10-Q)
10-Q: MoneyLion Inc. Reports Q3 2024 Results: Revenue Growth Driven by Consumer and Enterprise Segments
MoneyLion Inc. saw revenue growth in Q3 2024, driven by both its consumer and enterprise segments, despite a net loss for the quarter.
Worse than expected
MoneyLion Inc. reported a 23% year-over-year increase in revenue for the second quarter of 2024, driven by growth in service and subscription fees.
Better than expected
MoneyLion Inc. announced a 29.2% increase in total revenue for the first quarter of 2024, reaching $121 million, driven by growth in both consumer and enterprise sectors.
Better than expected
Annual Reports (10-K)
MoneyLion Inc.'s 2024 10-K filing highlights a proposed merger with Gen Digital, a reverse stock split, and key financial data, including a net income of $9.1 million.
Better than expected
MoneyLion Inc.'s recent 10-K filing outlines its capital structure, including details on Class A common stock, preferred stock, and outstanding warrants.
Insider Trading (Form 4)
Following the merger of MoneyLion Inc. with Gen Digital Inc., CEO Diwakar Choubey reports adjustments to his holdings of Class A Common Stock and derivative securities, including conversions to cash, contingent value rights, and restricted stock units in Parent company.
Timmie Hong, Chief Product Officer of MoneyLion Inc., reports the cancellation and conversion of Class A Common Stock and stock options following the merger with Gen Digital Inc., receiving cash and contingent value rights.
Matthew Derella, a director at MoneyLion Inc., reports the cancellation and conversion of Class A Common Stock and restricted stock units into cash and contingent value rights following the merger with Gen Digital Inc.
Richard Correia, CFO of MoneyLion Inc., reports the conversion and cancellation of Class A Common Stock, restricted stock units, performance stock units, and stock options following the merger with Gen Digital Inc.
Form 4: MoneyLion Director Lisa Gersh Reports Share Cancellation and Conversion Following Gen Digital Merger
Lisa Gersh, a director at MoneyLion Inc., reports the cancellation and conversion of her Class A Common Stock and restricted stock units into cash and contingent value rights following the merger with Gen Digital Inc.
Form 4: MoneyLion Director John Chrystal Reports Conversion of Shares and Options in Gen Digital Merger
Director John Chrystal reports the conversion of MoneyLion shares and options into cash and contingent value rights (CVRs) following the merger with Gen Digital Inc.
Proxy Statements (Def-14A)
Gen Digital is set to acquire MoneyLion for $82 per share in cash, plus a contingent value right (CVR) that could add an additional $23 per share if certain stock price targets are met.
Capital raise
MoneyLion Inc. will hold its annual stockholder meeting on June 13, 2024, to vote on the election of directors and the ratification of the company's accounting firm.
MoneyLion reports record revenue of $423 million in 2023 and sets sights on accelerating profitable growth in 2024, according to its latest proxy statement.
Better than expected