Enova International, Inc 8-K, filed Oct 16, 2026
Enova International, Inc. (ENVA)
About this 8-K
Enova International, Inc filed this 8-K on October 16, 2026.
Enova International, Inc. and Grasshopper Bancorp, Inc. mutually terminated their December 10, 2025 Merger Agreement effective October 16, 2026, with Enova making a $4,000,000 cash payment to Grasshopper and no other fees owed by either party. AI summary
Items reported
- Item 1.01: Entered into a material agreement
- Item 1.02: Ended a material agreement
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
The information set forth in Item 1.02 of this Current Report on Form 8-K is incorporated herein by reference.
Item 1.02 Termination of a Material Definitive Agreement.
As previously disclosed, on December 10, 2025, Enova International, Inc. (the “Company”) entered into the Agreement and Plan of Merger, as amended on December 18, 2025 (as amended, the “Merger Agreement”), by and between the Company and Grasshopper Bancorp, Inc. (“Grasshopper”), a Delaware corporation and the parent holding company of Grasshopper Bank N.A. (“Grasshopper Bank”), a national bank and wholly-owned subsidiary of Grasshopper, pursuant to which, and subject to the terms and conditions therein, (i) Grasshopper was to merge with and into the Company (the “Merger”), and (ii) immediately following the Merger, an interim national bank and wholly-owned subsidiary of the Company was to merge with and into Grasshopper Bank.
On October 16, 2026, the Company and Grasshopper entered into the Mutual Termination Agreement and Release (the “Termination Agreement”) pursuant to which the parties agreed to mutually terminate the Merger Agreement effective as of such date. Under the terms of the Termination Agreement, the Company made a $4,000,000 cash payment to Grasshopper. Neither party will pay any other fees or have any other liabilities to each other related to the Merger Agreement.
The foregoing summary of the Merger Agreement and the Termination Agreement is not complete and is qualified in its entirety by reference to the complete text of the Merger Agreement, which is contained in Annex A to the proxy statement/prospectus included in the Registration Statement on Form S-4 (File No. 333-292287) filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 19, 2025, and amended on December 29, 2025, and the complete text of the Termination Agreement, which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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Description |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
* Certain schedules and similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby agrees to furnish a copy of any omitted schedule or similar attachment to the SEC upon request.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Enova International, Inc. |
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October 16, 2026 |
By: |
/s/ Sean Rahilly |
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Sean Rahilly |
Exhibit 10.1
Execution Version
MUTUAL TERMINATION AGREEMENT AND RELEASE
This MUTUAL TERMINATION AGREEMENT AND RELEASE (this “Agreement”), dated October 16, 2026, is entered into by and between Enova International, Inc. (“Enova”), a Delaware corporation, and Grasshopper Bancorp, Inc. (“Grasshopper”), a Delaware corporation.
WHEREAS, Enova and Grasshopper have entered into that certain Agreement and Plan of Merger, dated as of December 10, 2025 (as amended on December 18, 2025, the “Merger Agreement”). Any capitalized term used but not otherwise defined herein shall have the meaning set forth in the Merger Agreement.
WHEREAS, Section 9.1(a) of the Merger Agreement provides that the Merger Agreement may be terminated at any time prior to the Effective Time by mutual written agreement of Enova and Grasshopper.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound hereby, the Parties agree as follows:
A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.
[Signature Page Follows]
IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed on its behalf by its duly authorized officers as of the day and year first above written.
ENOVA INTERNATIONAL, INC.
By: /s/ Scott Cornelis
Name: Scott Cornelis
Title: Chief Financial Officer
GRASSHOPPER BANCORP, INC.
By: /s/ Michael Butler
Name: Michael Butler
Title: CEO/President
[Signature Page to Mutual Termination Agreement]
Exhibit A
[Wire Instructions]
Exhibit B
[Form 8-K Disclosure]