MoneyLion shareholders approve proposed acquisition by Gen Digital

MoneyLion (ML) “announced that its stockholders voted to approve the definitive agreement with Gen Digital Inc. As previously announced, under the terms of the definitive agreement, each share of MoneyLion’s Class A common stock that is issued and outstanding as of immediately prior to the effective time of the acquisition will be automatically cancelled, extinguished and converted into the right to receive $82.00 in cash, without interest thereon, and one contingent value right that entitles the holder to a contingent payment of 0.7546 shares of Gen common stock if Gen Digital’s average volume-weighted average share price reaches at least $37.50 per share over 30 consecutive trading days from December 10, 2024 until 24 months after close.”