MoneyLion Stockholders Approve Gen Digital’s $1B Acquisition Deal

  • E-Wallets
  • 11.04.2025 03:15 pm

MoneyLion Inc. today announced that its stockholders voted to approve the definitive agreement with Gen Digital Inc.

The final voting results for the special meeting will be filed in a Form 8-K with the U.S. Securities and Exchange Commission.

As previously announced, under the terms of the definitive agreement, each share of MoneyLion’s Class A common stock that is issued and outstanding as of immediately prior to the effective time of the acquisition will be automatically cancelled, extinguished and converted into the right to receive $82.00 in cash, without interest thereon, and one contingent value right that entitles the holder to a contingent payment of 0.7546 shares of Gen common stock if Gen Digital’s average volume-weighted average share price reaches at least $37.50 per share over 30 consecutive trading days from December 10, 2024 until 24 months after close.

All regulatory approvals have been obtained and MoneyLion and Gen Digital expect to complete the acquisition on April 17, 2025, subject to the satisfaction of customary closing conditions. Upon completion of the transaction, MoneyLion will become a subsidiary of Gen Digital, and its common stock will no longer be listed on any public market.

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