EZCORP acquires 87.7% controlling stake in Founders One, adding 105 pawn stores across 12 countries

EZCORP INC

Transaction closed Jan 2, 2026; EZCORP converted $45M preferred equity & $10M notes, plus $9.4M cash for 87.7% ownership.
New 3-year senior secured debt facility of $156.4M at 13% p.a. provided to SMG, replacing prior debt.
Founders generated $147M revenue and $79M gross profit in FY2024 (unaudited), growth of ~34% and 29% YoY.
For 9 months ended Sep 30, 2025, Founders had $127M revenue and $66M gross profit (unaudited).
EZCORP now operates 1,488 pawn stores across 16 countries; expects immediate earnings accretion.

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