Enova International Terminates Merger with Grasshopper, Pays $4 Million Termination Fee

Enova International, Inc. and Grasshopper Bancorp, Inc. have mutually agreed to terminate their previously announced merger agreement, effective October 16, 2026. The original agreement was signed on December 10, 2025.

Key Details

• Termination Payment: Under the terms of the Mutual Termination Agreement, Enova made a one-time cash payment of $4,000,000 to Grasshopper.
• Agreement Dates: The original merger agreement was dated December 10, 2025, and the termination agreement was executed on October 16, 2026.
• No Further Liability: Following the payment, neither party will have any further fees or liabilities to the other related to the terminated merger agreement.