secwatch.observer — SEC 8-K summary
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Issuer:     PROSPER MARKETPLACE, INC (—)
CIK:        0001416265
Form:       8-K
Filed at:   2026-01-07T23:59:59+00:00
Accession:  0001552781-26-000004
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Prosper amends credit card program agreement with Coastal Community Bank, extends term to Dec 2027
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- Program fee paid by Prosper to Coastal reduced; term extended through December 31, 2027.
- Coastal's receivables balance increased to $375 million from $350 million.
- Coastal granted right to adjust new customer allocation from 5% down to 0%.
- Reserve account balance modified, with specified funding process outlined.
- Coastal receives certain exclusivity rights subject to terms and conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1416265/000155278126000004/0001552781-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1416265/000155278126000004/e26014_prosper-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-26-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer