MoneyLion (NYSE: ML), a digital ecosystem for consumer finance that empowers everyone to ‘make their best financial decisions’, announced that its Board of Directors has authorized the repurchase of up to $20 million of its outstanding Class A common stock (the “Repurchase Program”). It currently expects to fund the Repurchase Program from existing cash on hand and future cash flows. As of June 30, 2024, MoneyLion had cash and cash equivalents of approximately $98 million and 10,968,455 shares of Class A common stock outstanding as of August 1, 2024.

MoneyLion Announces $20 Million Share Repurchase Program