CURO's stock skyrockets as company is set to cash in on its investment in Katapult

Dow Jones

Dec 18, 2020

MW CURO's stock skyrockets as company is set to cash in on its investment in Katapult

Shares of CURO Group Holdings Corp. $(CURO)$ skyrockted 72% toward a 13-month high in very active morning trading Friday, as the provider of credit to non-prime consumers said it set to cash in from Katapult Holding Inc.'s move to go public through a reverse merger with special purpose acquisition company (SPAC) FinServ Acquisition Corp. $(FSRV)$, in a deal implying an enterprise value for Katapult of about $1 billion . Trading volume swelled to 3.3 million shares, compared with the full-day average of about 146,200 shares. Based on the fact that CURO owns about 40% of Katapult, the merger deal will provide CURO a consideration of $365 million, consisting of a combination of cash and stock in the new company. So far, CURO said it has made a total cash investment in Katapult of $27.5 million. Once the deal closes, CURO expects to receive $125 million in cash and retain an ownership stake of 21% of the new public company. CURO's stock has climbed 24.1% year to date, while the S&P 500 has gained 14.8%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

December 18, 2020 09:56 ET (14:56 GMT)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2092313278"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2092313278\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2092313278?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2020-12-18 22:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2092313278","market":"us","top_or_hot":-1,"title":"CURO's stock skyrockets as company is set to cash in on its investment in Katapult","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW CURO's stock skyrockets as company is set to cash in on its investment in Katapult\n</p>\n<p>\n  Shares of CURO Group Holdings Corp. <a href=\"https://laohu8.com/S/CURO\">$(CURO)$</a> skyrockted 72% toward a 13-month high in very active morning trading Friday, as the provider of credit to non-prime consumers said it set to cash in from Katapult Holding Inc.'s move to go public through a reverse merger with special purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/FSRVU\">FinServ Acquisition Corp.</a> <a href=\"https://laohu8.com/S/FSRV\">$(FSRV)$</a>, in a deal implying an enterprise value for Katapult of about $1 billion . Trading volume swelled to 3.3 million shares, compared with the full-day average of about 146,200 shares. Based on the fact that CURO owns about 40% of Katapult, the merger deal will provide CURO a consideration of $365 million, consisting of a combination of cash and stock in the new company. So far, CURO said it has made a total cash investment in Katapult of $27.5 million. Once the deal closes, CURO expects to receive $125 million in cash and retain an ownership stake of 21% of the new public company. CURO's stock has climbed 24.1% year to date, while the S&amp;P 500  has gained 14.8%. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  December 18, 2020 09:56 ET (14:56 GMT)\n</p>\n<p>\n  Copyright (c) 2020 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CURO's stock skyrockets as company is set to cash in on its investment in Katapult</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCURO's stock skyrockets as company is set to cash in on its investment in Katapult\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2020-12-18 22:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW CURO's stock skyrockets as company is set to cash in on its investment in Katapult\n</p>\n<p>\n  Shares of CURO Group Holdings Corp. <a href=\"https://laohu8.com/S/CURO\">$(CURO)$</a> skyrockted 72% toward a 13-month high in very active morning trading Friday, as the provider of credit to non-prime consumers said it set to cash in from Katapult Holding Inc.'s move to go public through a reverse merger with special purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/FSRVU\">FinServ Acquisition Corp.</a> <a href=\"https://laohu8.com/S/FSRV\">$(FSRV)$</a>, in a deal implying an enterprise value for Katapult of about $1 billion . 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CURO's stock has climbed 24.1% year to date, while the S&amp;P 500  has gained 14.8%. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  December 18, 2020 09:56 ET (14:56 GMT)\n</p>\n<p>\n  Copyright (c) 2020 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2092313278","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2092313278","pubTimestamp":1608303360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW CURO's stock skyrockets as company is set to cash in on its investment in Katapult\n\n\n  Shares of ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"库罗的股票暴涨，该公司准备兑现对Katapult的投资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CURO":0.9,"FSRV":0.9},"content_text":"MW CURO's stock skyrockets as company is set to cash in on its investment in Katapult\n\n\n  Shares of CURO Group Holdings Corp. $(CURO)$ skyrockted 72% toward a 13-month high in very active morning trading Friday, as the provider of credit to non-prime consumers said it set to cash in from Katapult Holding Inc.'s move to go public through a reverse merger with special purpose acquisition company (SPAC) FinServ Acquisition Corp. $(FSRV)$, in a deal implying an enterprise value for Katapult of about $1 billion . 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