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Stock impact report

Upbound Group Enters Definitive Agreement to Acquire Brigit, a Leading Financial Health Technology Firm, for up to $460 Million

Upbound Group, Inc. (UPBD) 
Company Research Source: Business Wire
Accelerates Upbound’s strategy to provide technology-driven financial solutions to customers underserved by the traditional financial systemBrings a leading profitable, scalable platform with nearly two million monthly active customers to UpboundExpands customer insights and adds cashflow-based underwriting capabilities with Brigit’s proprietary AI/ML modelsFinancially compelling transaction is expected to be accretive to Adjusted EBITDA by approximately $25 million to $30 million in 2025 and approximately $70 million to $80 million in 20261Further positions Upbound as a growth technology company with addition of significant financial technology talent and strengthened R&D capabilities to accelerate innovation and new product developmentWebcast Investor Call on Friday, December 13, 2024, at 9:00 am (ET) PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (“Upbound” or the “Company”) (NASDAQ: UPBD), a technology and data-driven leader in accessible and inclusive financial products th Show less Read more
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