Affirm Holdings Inc (AFRM)

[TruckingAngler]

AFRM 4/20 Merger & ReOrganization:
"On April 20, 2021, Affirm Holdings, Inc., a Delaware corporation (“Parent”), entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) by and among by and among Parent, certain subsidiaries of Parent - Returnly Technologies, Inc., a Delaware corporation (the “Company”), and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the representative of the securityholders of the Company. Pursuant to and upon the consummation (the “Closing”) of the transactions contemplated by the Merger Agreement, all of the issued and outstanding shares of capital stock of the Company will be cancelled in exchange for merger consideration consisting of (a) a number of shares of Parent’s Class A Common Stock, par value $0.00001 per share (the “Parent Common Stock”), with an aggregate value of $255,000,000 (the “Stock Consideration”), and (b) $45,000,000 in cash, subject to adjustment, in each case in the amount and upon the terms and subject to the conditions as set forth in the Merger Agreement. The number of shares of Parent Common Stock to be issued will equal the quotient of the Stock Consideration divided by the average closing price per share of Parent Common Stock on the Nasdaq Global Select Market for the ten consecutive trading days ending on the trading day immediately prior to the Closing. As of the time of filing this Current Report on Form 8-K, the number of shares of Parent Common Stock to be issued is not determinable."

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