ELEVATE CREDIT


Associated tags: Elevate, Elevations Credit Union, Finance, Professional Services, NYSE, Banking, RISE, Fintech, Asset Management, Swell, Elastic, Online shopping

Elevate’s Fort Worth Headquarters Selected as Host Site for Artificial Intelligence Bootcamp – APPLICATIONS NOW OPEN!

Retrieved on: 
Wednesday, June 28, 2023

The AI Bootcamp at Elevate’s headquarters in Fort Worth will be offered to underserved high school students at no cost and will introduce them to basic AI concepts and skills.

Key Points: 
  • The AI Bootcamp at Elevate’s headquarters in Fort Worth will be offered to underserved high school students at no cost and will introduce them to basic AI concepts and skills.
  • Elevate is one of 28+ companies selected to host camps across the U.S. in Fall 2023, including United Wholesale Mortgage, Ernst & Young and University of Texas at Dallas.
  • The Elevate Bootcamp will be held over four consecutive Saturdays starting on October 14th and ending on November 4th.
  • The bootcamp will run from 1-5pm CT and if accepted, high school students must commit to attending all four sessions.

Park Cities Asset Management Completes Acquisition of Elevate

Retrieved on: 
Tuesday, February 28, 2023

Elevate Credit, Inc. (“Elevate” or the “Company”), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced the completion of its acquisition by Park Cities Asset Management LLC (“Park Cities”), an alternative asset manager focused on providing flexible capital solutions.

Key Points: 
  • Elevate Credit, Inc. (“Elevate” or the “Company”), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced the completion of its acquisition by Park Cities Asset Management LLC (“Park Cities”), an alternative asset manager focused on providing flexible capital solutions.
  • Park Cities acquired Elevate for $1.87 per share in an all-cash transaction at an implied value of $67 million.
  • “Elevate is pleased to join Park Cities as we embark on an exciting new chapter, one that will allow us to better serve our customers and drive innovation within our business,” said Jason Harvison, Chief Executive Officer of Elevate.
  • Haynes and Boone LLP, Wick Phillips Gould & Martin LLP, and Husch Blackwell LLP acted as legal counsel for Park Cities.

Elevate Announces Proxy Advisory Firms ISS and Glass Lewis Recommend Stockholders Vote “FOR” Proposed Acquisition by Park Cities Asset Management

Retrieved on: 
Friday, February 10, 2023

The Company is pleased that ISS and Glass Lewis share its belief that the proposed merger with Park Cities is in the best interests of all Elevate stockholders and support the Board’s recommendation that shareholders vote “FOR” the transaction.

Key Points: 
  • The Company is pleased that ISS and Glass Lewis share its belief that the proposed merger with Park Cities is in the best interests of all Elevate stockholders and support the Board’s recommendation that shareholders vote “FOR” the transaction.
  • The Company's Board of Directors recommends that stockholders vote “FOR” the proposed merger.
  • The Company’s stockholders are reminded that their vote is extremely important, no matter how many shares they own.
  • To follow the recommendations of ISS, Glass Lewis and the Company's Board of Directors, stockholders should vote “FOR” the proposed merger prior to February 14, 2023.

SHAREHOLDER ALERT: Weiss Law Reminds ELVT, SRYB, USER, and MNRL Shareholders About Its Ongoing Investigations

Retrieved on: 
Friday, December 16, 2022

Under the terms of the merger agreement, ELVT shareholders will receive $1.87 in cash for each share of ELVT common stock owned.

Key Points: 
  • Under the terms of the merger agreement, ELVT shareholders will receive $1.87 in cash for each share of ELVT common stock owned.
  • Under the merger agreement, SRYB shareholders will receive 0.7159 shares of First Community common stock for each SRYB share owned, representing implied per-share consideration of $24.52 based upon First Community's December 15, 2022 closing price of $34.25.
  • Under the merger agreement, USER shareholders will receive $7.50 in cash for each share of USER common stock owned.
  • If you own MNRL shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/mnrl
    View original content to download multimedia: https://www.prnewswire.com/news-releases/shareholder-alert-weiss-law-rem...

SHAREHOLDER ALERT: Weiss Law Reminds ELVT, SRYB, USER, and MNRL Shareholders About Its Ongoing Investigations

Retrieved on: 
Monday, December 12, 2022

Under the terms of the merger agreement, ELVT shareholders will receive $1.87 in cash for each share of ELVT common stock owned.

Key Points: 
  • Under the terms of the merger agreement, ELVT shareholders will receive $1.87 in cash for each share of ELVT common stock owned.
  • Under the merger agreement, SRYB shareholders will receive 0.7159 shares of First Community common stockfor each SRYB share owned, representing implied per-share consideration of $25.69 based upon First Community's December 9, 2022 closing price of $35.89.
  • Under the merger agreement, USERshareholders will receive $7.50 in cash for each share of USERcommon stock owned.
  • If you own MNRL shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/mnrl
    View original content to download multimedia: https://www.prnewswire.com/news-releases/shareholder-alert-weiss-law-rem...

Elevate to be Acquired by Park Cities Asset Management

Retrieved on: 
Wednesday, November 16, 2022

Elevate Credit, Inc. (Elevate or the Company), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced it has entered into a definitive agreement to be acquired by an affiliate of Park Cities Asset Management LLC (Park Cities), an alternative asset manager focused on providing flexible debt solutions.

Key Points: 
  • Elevate Credit, Inc. (Elevate or the Company), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced it has entered into a definitive agreement to be acquired by an affiliate of Park Cities Asset Management LLC (Park Cities), an alternative asset manager focused on providing flexible debt solutions.
  • Park Cities has a long relationship with Elevate and currently provides corporate debt as well as financing for the Today Card product.
  • Park Cities Asset Management LLC is an alternative asset manager focused on deploying capital across asset classes in the Specialty Finance and FinTech sectors.
  • This communication contains certain forward-looking statements concerning Elevate and the proposed transaction between Elevate and Park Cities.

Elevate Credit Third Quarter 2022 Earnings Release Available on its Investor Relations Website

Retrieved on: 
Wednesday, November 9, 2022

Elevate Credit, Inc. (NYSE: ELVT) (Elevate), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced financial results for the third quarter 2022.

Key Points: 
  • Elevate Credit, Inc. (NYSE: ELVT) (Elevate), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced financial results for the third quarter 2022.
  • Elevate has posted its release to its Investor Relations webpage at http://investors.elevate.com/press-releases .
  • Interested parties may access the conference call live over the phone by dialing 1-888-999-3182 (domestic) or 1-848-280-6330 (international) and requesting the Elevate Credit Third Quarter 2022 Earnings Conference Call.
  • The conference call will also be webcast live through Elevates Investor Relations website at https://investors.elevate.com/corporate-profile .

Elevate to Release Third Quarter 2022 Earnings on Wednesday, November 9th

Retrieved on: 
Monday, November 7, 2022

Elevate Credit, Inc. (Elevate), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced that it will release its third quarter 2022 financial results after the market closes on Wednesday, November 9, 2022.

Key Points: 
  • Elevate Credit, Inc. (Elevate), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced that it will release its third quarter 2022 financial results after the market closes on Wednesday, November 9, 2022.
  • Jason Harvison, Chief Executive Officer, and Steve Trussell, Chief Financial Officer, will host a conference call on the day of the release (November 9, 2022) at 5:00 pm ET to discuss Elevates financial results.
  • Interested parties may access the conference call live over the phone by dialing 1-888-999-3182 (domestic) or 1-848-280-6330 (international) and requesting the Elevate Credit Third Quarter 2022 Earnings Conference Call.
  • Participants are asked to dial in a few minutes prior to the call to register for the event.