---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-053821"
form_type: "8-K"
ticker: null
cik: "0001651094"
company_name: "Elevate Credit, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:16:19.045884+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Park Cities Asset Management completes acquisition of Elevate Credit for $1.87 per share

## Summary
- All-cash deal at $1.87/share, implied value of $67 million.
- Elevate shares ceased trading; delisting from NYSE and deregistration initiated.
- Management rolled over 156,355 shares and 2,070,992 RSUs into Parent equity.
- Board members Jesse Bray, Stephen Galasso, Tyler Head, Michael Pugh, Manuel Sanchez Rodriguez, Saundra Schrock, Bradley Strock resigned.
- Company will continue operating under the Elevate name and brand.

## SEC filing metadata
- accession: 0001193125-23-053821
- form_type: 8-K
- cik: 0001651094
- company_name: Elevate Credit, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01, 3.01, 3.03, 5.01, 5.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/0001193125-23-053821-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/d302583d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-053821
- JSON: https://secwatch.observer/filing/0001193125-23-053821.json
- Plain text: https://secwatch.observer/filing/0001193125-23-053821.txt

## Key facts
- Executive change
  Bradley R. Strock resigned as Director at Elevate Credit, Inc..
  - Action: resigned
  - Role: Director
  source text: each of Jesse K. Bray, Stephen B. Galasso, Tyler Head, Michael Pugh, Manuel Sanchez Rodriguez, Saundra D. Schrock, and Bradley R. Strock resigned from his or her respective position as a member of the board of directors of the Company, and any committee thereof, effective as of the Effective Time (as defined in the Merger Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/0001193125-23-053821-index.htm
- Executive change
  Tyler Head resigned as Director at Elevate Credit, Inc..
  - Action: resigned
  - Role: Director
  source text: each of Jesse K. Bray, Stephen B. Galasso, Tyler Head, Michael Pugh, Manuel Sanchez Rodriguez, Saundra D. Schrock, and Bradley R. Strock resigned from his or her respective position as a member of the board of directors of the Company, and any committee thereof, effective as of the Effective Time (as defined in the Merger Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/0001193125-23-053821-index.htm
- Executive change
  Jesse K. Bray resigned as Director at Elevate Credit, Inc..
  - Action: resigned
  - Role: Director
  source text: each of Jesse K. Bray, Stephen B. Galasso, Tyler Head, Michael Pugh, Manuel Sanchez Rodriguez, Saundra D. Schrock, and Bradley R. Strock resigned from his or her respective position as a member of the board of directors of the Company, and any committee thereof, effective as of the Effective Time (as defined in the Merger Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/0001193125-23-053821-index.htm
- Executive change
  Michael Pugh resigned as Director at Elevate Credit, Inc..
  - Action: resigned
  - Role: Director
  source text: each of Jesse K. Bray, Stephen B. Galasso, Tyler Head, Michael Pugh, Manuel Sanchez Rodriguez, Saundra D. Schrock, and Bradley R. Strock resigned from his or her respective position as a member of the board of directors of the Company, and any committee thereof, effective as of the Effective Time (as defined in the Merger Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/0001193125-23-053821-index.htm
- Executive change
  Stephen B. Galasso resigned as Director at Elevate Credit, Inc..
  - Action: resigned
  - Role: Director
  source text: each of Jesse K. Bray, Stephen B. Galasso, Tyler Head, Michael Pugh, Manuel Sanchez Rodriguez, Saundra D. Schrock, and Bradley R. Strock resigned from his or her respective position as a member of the board of directors of the Company, and any committee thereof, effective as of the Effective Time (as defined in the Merger Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/0001193125-23-053821-index.htm
- Executive change
  Saundra D. Schrock resigned as Director at Elevate Credit, Inc..
  - Action: resigned
  - Role: Director
  source text: each of Jesse K. Bray, Stephen B. Galasso, Tyler Head, Michael Pugh, Manuel Sanchez Rodriguez, Saundra D. Schrock, and Bradley R. Strock resigned from his or her respective position as a member of the board of directors of the Company, and any committee thereof, effective as of the Effective Time (as defined in the Merger Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/0001193125-23-053821-index.htm
- Executive change
  Manuel Sanchez Rodriguez resigned as Director at Elevate Credit, Inc..
  - Action: resigned
  - Role: Director
  source text: each of Jesse K. Bray, Stephen B. Galasso, Tyler Head, Michael Pugh, Manuel Sanchez Rodriguez, Saundra D. Schrock, and Bradley R. Strock resigned from his or her respective position as a member of the board of directors of the Company, and any committee thereof, effective as of the Effective Time (as defined in the Merger Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/0001193125-23-053821-index.htm
- Governance Changes
  Elevate Credit, Inc.: The Company's Second Amended and Restated Certificate of Incorporation was amended and restated in its entirety.
  - Change: charter amendment
  source text: At the Effective Time, the Company’s Second Amended and Restated Certificate of Incorporation was amended and restated in its entirety in accordance with the terms of the Merger Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/0001193125-23-053821-index.htm
- M&A Transactions
  Elevate Credit, Inc. underwent a change of control involving PCAM Acquisition Corp. for $1.87 per share in cash (closed 2023-02-28).
  - Action: change of control
  - Counterparty: PCAM Acquisition Corp.
  - Consideration: $1.87 per share in cash
  - Closing: 2023-02-28
  source text: shares of common stock, par value $0.0004 per share (“Common Stock”), was converted automatically at the Effective Time into the right to receive an amount in cash equal to $1.87, without interest and less any applicable withholding taxes (the “Merger Consideration”), other than shares of Common Stock owned by Parent, Merger Sub or the Company (as
  evidence_url: https://www.sec.gov/Archives/edgar/data/1651094/000119312523053821/0001193125-23-053821-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.