Enova International: terminates merger with Grasshopper, pays $4,000,000

What happened Enova International filed an 8-K reporting that, on Oct 16, 2026, the company and Grasshopper Bancorp, Inc. entered into a Mutual Termination Agreement and Release that mutually terminated the Agreement and Plan of Merger (as amended). Under the Termination Agreement, the company made a $4,000,000 cash payment to Grasshopper.

Key details

• The original Agreement and Plan of Merger was entered into on Dec 10, 2025 and was amended on Dec 18, 2025.
• The Merger arrangement had provided for Grasshopper to merge with and into Enova, and for an interim national bank subsidiary of Enova to merge with and into Grasshopper Bank.
• The Mutual Termination Agreement and Release was effective Oct 16, 2026.
• Neither party will pay any other fees or have any other liabilities to each other related to the Merger Agreement.

Why it may matter This item was reported under Item 1.02, termination of a material definitive agreement, which covers the mutual termination of the Merger Agreement between Enova and Grasshopper and the $4,000,000 payment described above. The filing does not show why the company acted.