Pathward extends closing date for premium finance business sale to Nov 1; gets $1M fee

PATHWARD FINANCIAL, INC.

Original close date of Oct 22, 2024 missed; parties now target Nov 1, 2024.
Purchaser paid a nonrefundable $1M cash extension fee, creditable against purchase price.
Sale of commercial insurance premium finance business to AFS IBEX Financial Services remains pending.
Extension agreement allows continued work to consummate the previously announced transaction.

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