Vera Bradley sells Pura Vida Bracelets for $1M cash plus contingent consideration

Vera Bradley, Inc.

Sale of 100% of Creative Genius (Pura Vida Bracelets) to Project Aster Acquisition for $1M cash plus contingent two-year earn-out.
Consideration subject to customary adjustments for cash, transaction expenses, and working capital.
Vera Bradley to provide transitional services for 12 months post-close.
Amended credit agreement permits sale, removes Creative Genius as borrower, adjusts reporting and fixed charge coverage ratio.
Transaction expected to close subject to customary conditions; full agreement to be filed with fiscal 2025 Form 10-K.

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