business systems with Cybertron. The Systems Integrator prides itself on having some of the most knowledgeable and friendly technical reps in the market. Katapult s lease-purchase solution provides consumers with no or developing credit a way to access Cybertron International s branded products. Katapult is excited to be a part of the retailer s tech-forward dedication to PC gaming systems through their CLX brand. Katapult offers its lease-purchase solution that integrates seamlessly with online platforms to retailers across several durable goods industries. Funding is quick, so retailers spend energy attracting new customers and growing, and consumers get a seamless checkout experience. In partnering with Katapult we can now offer competitive lease-purchase options with no credit requirements from a leader in the space, this will enable us to bring the CLX PC gaming experience to a wider array of gamers in the US market, says Ahmed Abdelaziz, CEO of Cybertron International, In
(1) Excludes discontinued operations; see “Results of Discontinued Operations” for additional details.
(2) These are non-GAAP metrics. For a reconciliation of each non-GAAP metric to the nearest GAAP metric, see the applicable reconciliations contained under “Results of Operations.” For a description of each non-GAAP metric, see “Non-GAAP Financial Measures.”
Fourth quarter 2020 and recent developments include:
Sequential increase (described within this release as the change from the third quarter to the fourth quarter) in Company Owned gross loans receivable and Gross combined loans receivable of $56.3 million, or 11.3%, and $60.6 million, or 11.3%, respectively, compared to $8.2 million, or 1.2%, and $11.8 million, or 1.6%, of sequential growth for the quarter ended December 31, 2019.
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Katapult is going public in a SPAC merger with
FinServ Acquisition Corp (NASDAQ: FSRV) and Katapult CEO Orlando Zayas joined the SPACs Attack show Thursday.
The SPAC Deal: Katapult has been evaluating a potential IPO or SPAC deal since last summer after being approached with an unsolicited offer from a competitor, Zayas told Benzinga. The timing was right in going public via a SPAC now.
“It’s going to give us exposure to the retailers,” Zayas said.
One of the reasons FinServ Acquisition may have liked a deal with Katapult was the profitability of the company.
“We’ve been profitable since the beginning of 2020,” Zayas said.
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of FinServ Acquisition Corp. Merger
December 23, 2020 18:04 ET | Source: Rigrodsky & Long, P.A. Rigrodsky & Long, P.A. Wilmington, Delaware, UNITED STATES
WILMINGTON, Del., Dec. 23, 2020 (GLOBE NEWSWIRE) Rigrodsky & Long, P.A. announces that it is investigating FinServ Acquisition Corp. (“FinServ”) (NASDAQ GS: FSRV) regarding possible breaches of fiduciary duties and other violations of law related to FinServ’s agreement to merge with Katapult Holdings, Inc.
To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-finserv-acquisition-corp.
You may contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or info@rl-legal.com.
NEW YORK, Dec. 23, 2020 /PRNewswire/ Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New