Why Cardlytics Stock Is Trading Higher - Cardlytics (NASDAQ:

Why Cardlytics Stock Is Trading Higher - Cardlytics (NASDAQ:CDLX)

According to the settlement agreement with SRS, Cardlytics will pay SRS $25 million in cash and issue SRS 3.6 million shares of Cardlytics common stock. For the cash payment, Cardlytics has agreed to pay $20 million in January 2024, $3 million in January 2025, and $2 million in June 2025. All shares of Cardlytics stock will be issued in February 2024.

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