Katapult soars 30% after sealing merger with Aaron’s and CCF

Katapult shares jumped over 30% after it agreed to merge with Aaron and CCF Holdings in an all-stock deal. The combined firm is expected to generate over $4B in revenue and about $450M in EBITDA, with a footprint of 3,000 retail touchpoints serving seven million customers. Katapult shareholders will own 6% of the new company.