MoneyLion Inc. announced it will hold a special stockholder meeting on April 10, 2025, to consider and vote on the proposal to adopt the merger agreement for its acquisition by Gen Digital Inc. The transaction, valued at approximately $1 billion, involves Gen acquiring all outstanding shares of MoneyLion for $82.00 per share in cash, plus one contingent value right (CVR) per share.
The CVR entitles holders to a conditional payment of $23.00 in Gen common stock if Gen's average volume-weighted average share price reaches at least $37.50 over 30 consecutive trading days within 24 months after the transaction closes, or if Gen undergoes a change of control within that period.
Both companies' boards of directors unanimously approved the proposed acquisition, which is expected to be completed shortly after the special stockholder meeting, pending stockholder and applicable regulatory approvals. Upon completion, MoneyLion's shares will no longer trade on the NYSE, and it will become a privately held subsidiary of Gen.
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