Enova International, Inc. has terminated its previously announced agreement to acquire Grasshopper Bancorp, Inc. The company filed a Current Report on Form 8-K with the Securities and Exchange Commission on October 16, 2026, disclosing the mutual termination of the deal.
The merger agreement was originally entered into on December 10, 2025, and subsequently amended on December 18, 2025. Under the original terms, Grasshopper Bancorp was to merge with and into Enova, and immediately following that merger, an interim national bank subsidiary of Enova was to merge with and into Grasshopper Bank.
Under the terms of the Mutual Termination Agreement and Release, both parties agreed to mutually terminate the Merger Agreement effective as of October 16, 2026. As part of the termination, Enova International, Inc. made a cash payment of $4,000,000 to Grasshopper Bancorp. The agreement stipulates that neither party will pay any other fees or incur any other liabilities to the other related to the merger agreement.
The filing indicates that the complete text of the Merger Agreement is contained in a proxy statement/prospectus included in a Registration Statement on Form S-4 (File No. 333-292287) filed with the SEC on December 19, 2025, and amended on December 29, 2025. The Mutual Termination Agreement and Release is attached as Exhibit 10.1 to the current filing.
