Shutterstock completes Envato acquisition for ~$250M; files financials with qualified audit opinion

Shutterstock, Inc.

Acquisition of Envato closed July 22, 2024 for approximately $250M in cash.
Funding via new A&R Credit Agreement: $125M term loan + $250M revolver.
Envato FY 2023 audited financials and interim periods filed; auditor's opinion qualified on missing comparative figures and IFRS 1 disclosures.
Unaudited pro forma combined financials as of March 31, 2024 and FY 2023 filed.

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