secwatch.observer — SEC 8-K summary
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Issuer:     CURO Group Holdings Corp. (—)
CIK:        0001711291
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001711291-23-000085
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01, 5.02, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

CURO completes sale of Flexiti for C$55M; receives C$39M net at close
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- Sale of FLX Holdings (Flexiti) to Questrade Financial closed Aug 31, 2023; net proceeds of ~C$39M received.
- Expected additional C$25-30M in late 2023 and up to C$4M in later periods per agreement.
- Robert Hurzeler (CEO of Flagship Credit Acceptance) appointed to Board effective Sept 1, 2023; granted 48,543 RSUs.
- Updated Q3 2023 outlook ex-Flexiti: revenue $165-170M, EOP receivables $1.23-1.28B, net charge-offs 17.0-19.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711291/000171129123000085/0001711291-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711291/000171129123000085/curo-20230831.htm
  HTML page:      https://secwatch.observer/filing/0001711291-23-000085

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