Elevate Credit, Inc. (NYSE:ELVT) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item5.03
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Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year |
Amendment and Restatement of Certificate of
Incorporation
On April11, 2017 Elevate Credit, Inc. (the
Company) filed the Second Amended and
Restated Certificate of Incorporation (the Restated
Certificate) with the Secretary of State of the
State of Delaware in connection with the closing of the Companys
initial public offering of shares of its common stock. As
described in the Registration Statement on Form S-1 (File
No.333-207888), the Companys board of directors and stockholders
previously approved the Restated Certificate to be effective in
connection with the closing of the initial public offering.
A copy of the Restated Certificate is filed herewith as Exhibit
3.1 and is incorporated herein by reference.
Amendment and Restatement of Bylaws
Effective as of April11, 2017, the Company adopted Amended and
Restated Bylaws (the Restated Bylaws)
in connection with the closing of the Companys initial public
offering of shares of its common stock. As described in the
Registration Statement on Form S-1 (File No. 333-207888), the
Companys board of directors and stockholders previously approved
the Restated Bylaws to be effective in connection with the
closing of the Companys initial public offering.
A copy of the Restated Bylaws is filed herewith as Exhibit 3.2
and is incorporated herein by reference.
| Item7.01 | Regulation FD Disclosure. |
On April11, 2017, the Company issued a press release announcing
the closing of its initial public offering of 14,260,000 shares
of its common stock (which includes 1,860,000 shares of common
stock that were offered and sold to the full exercise of the
underwriters over-allotment option) for net proceeds, after
deducting estimated underwriting discounts and commissions and
estimated offering expenses payable by the Company, of
approximately $81million. A copy of the press release is attached
hereto as Exhibit 99.1.
The information set forth under this Item 7.01, including Exhibit
99.1, shall not be deemed filed for purposes of the Securities
Exchange Act of 1934, as amended, or incorporated by reference in
any filing under the Securities Act of 1933, regardless of any
general incorporation language in such filing, unless expressly
incorporated by specific reference in such filing.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit No. | Description | |
| 3.1 | Second Amended and Restated Certificate of Incorporation. | |
| 3.2 | Amended and Restated Bylaws. | |
| 99.1 | Press release, dated April11, 2017. |
About Elevate Credit, Inc. (NYSE:ELVT)
Elevate Credit, Inc. provides online credit solutions to non-prime consumers, typically defined as those with credit scores of less than 700. The Company uses advanced technology risk analytics to provide financial options to its customers, who are not well-served by either banks or legacy non-prime lenders. It offers online installment loans and lines of credit in the United States, and the United Kingdom. Its products, Rise, Elastic and Sunny, provide customers with access to priced credit and services while helping them with credit building and financial wellness features. Its products include credit building and financial wellness programs, such as credit reporting, free credit monitoring (in the United States) and online financial literacy videos and tools. Rise is an installment loan product. As of March 31, 2016, Rise was available in 15 states in the United States. Sunny is the Company’s United Kingdom installment loan product. Elevate Credit, Inc. (NYSE:ELVT) Recent Trading Information
Elevate Credit, Inc. (NYSE:ELVT) closed its last trading session down -0.11 at 7.59 with 71,838 shares trading hands.
