Gen said on December 10, 2024 that it entered into an Agreement and Plan of Merger with Maverick Group Holdings, Inc., its wholly owned subsidiary, and MoneyLion Inc. Following the merger, MoneyLion will survive as a wholly owned subsidiary of Gen Digital.

1. 01

   Gen said on December 10, 2024 that it entered into an Agreement and Plan of Merger with Maverick Group Holdings, Inc., its wholly owned subsidiary, and MoneyLion Inc. Following the merger, MoneyLion will survive as a wholly owned subsidiary of Gen Digital.

2. 02

   The company said the boards of both companies unanimously approved the acquisition of MoneyLion, for $82.00 per share in cash payable at closing, with a cash value of about $1 billion.

3. 03

   The company said MoneyLion shareholders will receive one contingent value right (CVR) per share held, entitling the holder to a payment of $23.00 in Gen common stock if Gen's volume-weighted average share price reaches at least $37.50 over 30 consecutive trading days. It said there can be no assurance that any payments will be made with respect to the CVRs.

4. 04

   The company said closing of the acquisition, which is subject to customary closing conditions, is expected in the first half of fiscal 2026, and that it will have no impact on the fiscal 2025 guidance it provided on October 30, 2024.

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Original filing

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