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Trading in Sezzle shares on Nasdaq to resume

Digital payment platform Sezzle today announced the removal of the trading halt of Sezzle common stock on the Nasdaq Stock Market.

Zip Co and Sezzle have agreed to terminate their previously announced merger, blaming the move on current market conditions.

Sezzle expects to achieve approximately US$10 million of annual run-rate cost savings due to the workforce reduction.

Zip Co Limited and Sezzle Inc have entered into a definitive agreement under which Zip will acquire Sezzle in an all-scrip transaction.

Sezzle has submitted a draft Registration Statement relating to the proposed underwritten IPO of its stock in the United States.