secwatch.observer — SEC 8-K summary
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Issuer:     Sezzle Inc. (SEZL)
CIK:        0001662991
Form:       8-K
Filed at:   2026-08-18T20:54:09+00:00
Accession:  0001662991-26-000144
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sezzle expands bank program with WebBank to add SezzleCash and Sezzle Send products
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- WebBank to originate and fund loans for SezzleCash and Sezzle Send; retains loans up to $30M initially, up to $150M at its discretion.
- Minimum tangible net worth covenant raised from $12M to $100M; new termination events for judgments/fines and covenant breaches.
- Program term unchanged through September 27, 2029; existing product sale structure and economics substantially unchanged.
- Sezzle continues to service all loans; WebBank remains exclusive originator for existing and new products.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662991/000166299126000144/0001662991-26-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662991/000166299126000144/sezl-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001662991-26-000144

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