NerdWallet, Inc. Files 8-K for Material Agreement

TL;DR

NerdWallet signed a big deal on 9/27, details to come.

AI Summary

On September 27, 2024, NerdWallet, Inc. entered into a material definitive agreement. The company also reported other events on this date. Further details regarding the nature of the agreement and the other events are not specified in the provided excerpt.

Why It Matters

This filing indicates a significant new contract or partnership for NerdWallet, Inc., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant implications, but the lack of specific details makes the exact risk level uncertain.

Key Players & Entities

• NERDWALLET, INC. (company) — Registrant
• September 27, 2024 (date) — Date of earliest event reported
• 55 Hawthorne Street, 10th Floor, San Francisco, California 94105 (location) — Principal executive offices address

FAQ

Key Financial Figures

• $0.0001 — hich registered Class A common stock, $0.0001 par value NRDS The Nasdaq Global Mark
• $15,000,000 — and/or to invest up to an aggregate of $15,000,000 in unrestricted subsidiaries in any fis

Filing Documents

• nrds-20240927.htm (8-K) — 22KB
• 0001625278-24-000156.txt ( ) — 150KB
• nrds-20240927.xsd (EX-101.SCH) — 2KB
• nrds-20240927_lab.xml (EX-101.LAB) — 23KB
• nrds-20240927_pre.xml (EX-101.PRE) — 13KB
• nrds-20240927_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 1, 2024, NerdWallet, Inc. (the Company), entered into an amendment (the Second Amendment) to the Credit Agreement dated as of September 26, 2023 (the Credit Agreement) with JPMorgan Chase Bank, National Association, as administrative agent, and a syndicate of lenders. Among other things, the Second Amendment permits the Company to acquire an unrestricted subsidiary and/or to invest up to an aggregate of $15,000,000 in unrestricted subsidiaries in any fiscal year, subject to standard provisions and limitations for unrestricted subsidiaries.

01 Other Events

Item 8.01 Other Events. On September 27, 2024, the Company promoted Samuel Yount, age 43, to Chief Business Officer, effective October 1, 2024. Mr. Yount previously served as the Company's Vice President, Consumer Credit. Prior to serving as Vice President, Consumer Credit, Mr. Yount served as the Company's General Manager, Consumer Credit since July 11, 2022. There are no family relationships between Mr. Yount and any other director, executive officer or nominees of the Company. There are no related party transactions between the Company and Mr. Yount that would require disclosure under Item 404(a) of Regulation S-K under the Exchange Act. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NERDWALLET, INC. Date: October 3, 2024 By: /s/ Ekumene M. Lysonge Ekumene M. Lysonge Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR