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Cardlytics Gains On SRS Dispute Settlement

January 29, 2024 — 10:42 am EST

Written by RTTNews.com for RTTNews->

(RTTNews) - Cardlytics, Inc. (CDLX) shares are progressing more than 26 percent on Monday morning trade announced that it has entered into a settlement agreement with Shareholder Representative Services LLC, or SRS, and successfully resolved all disputes related to the Bridg merger agreement and the earnout payments.

Further, Cardlytics expects to achieve positive adjusted EBITDA for the full year 2023.

Currently, shares are at $7.25, up 25.65 percent from the previous close of $5.77 on a volume of 3,565,672.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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