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# Enova Pays Grasshopper $4,000,000 To Cancel Planned Bank Merger, 8-K Says
- URL: https://www.bullished.co/enova-pays-grasshopper-4-000-000-to-cancel-planned-bank-merger-8-k-says-e04bba5b/
- Published: 2026-10-16T21:35:57.000Z
- Updated: 2026-10-16T21:35:57.000Z
- Description: Both sides signed a mutual termination and release, and neither owes the other any other fees or liabilities under the merger agreement.
- Author: Matteo Parrino
- Tags: Deals, ENVA, Industry: Financials

[Enova International](https://www.bullished.co/tag/enva/) paid Grasshopper Bancorp [$4,000,000 in cash](https://www.sec.gov/Archives/edgar/data/0001529864/000119312526424282/enva-20261016.htm?ref=bullished.co) to end their planned merger, according to an 8-K the company filed Friday. The two companies signed a Mutual Termination Agreement and Release effective that day.

## What the 8-K says

Enova and Grasshopper agreed to terminate the merger agreement by mutual consent, effective October 16, the filing says. Enova made the [$4,000,000 payment](https://www.sec.gov/Archives/edgar/data/0001529864/000119312526424282/enva-20261016.htm?ref=bullished.co) to Grasshopper under the termination terms.

Neither party will pay any other fees or have any other liabilities to the other related to the merger agreement, the company reported.

The termination agreement is attached to the 8-K as Exhibit 10.1\. The 8-K was filed under Item 1.02, which covers the termination of a material definitive agreement.

## What the deal would have done

Under the merger agreement, signed December 10, 2025 and amended December 18, 2025, Grasshopper would have merged into Enova. Grasshopper is the parent holding company of Grasshopper Bank N.A., a national bank.

Immediately afterward, an interim national bank subsidiary of Enova was to merge into Grasshopper Bank. That second step would have combined the banking units.

With the termination, neither merger step will go forward. The original merger agreement's full text was included in a registration statement Enova filed with the SEC on December 19, 2025, and amended on December 29, 2025.

## What it means for holders

For Enova holders, the filing shows a $4,000,000 cash cost to exit and no further obligations to Grasshopper under the agreement.

ENVA shares closed at $177.89 at Friday's close, up 0.21% from $177.52 in the prior session. The filing was accepted at 5:25 p.m. ET, after that close, so Monday is the first trading session after the termination became public.

The next data point is Monday's trading in ENVA shares, the first session after the termination became public.

### Sources

- [8-K Filing — Enova International, Inc. (ENVA)](https://www.sec.gov/Archives/edgar/data/0001529864/000119312526424282/enva-20261016.htm?ref=bullished.co) — SEC EDGAR

### More on Enova International

- [Enova Unit Resets Jefferies Financing: $200 Million Commitment, SOFR Plus 4.00%, Revolving Period To October 2028](https://www.bullished.co/enova-unit-resets-jefferies-financing-200-million-commitment-sofr-plus-4-00-revolving-0a037d7d/)

[All Enova International (ENVA) coverage →](https://www.bullished.co/tag/enva/)