Enova International Discloses Withdrawal of Grasshopper Acquisition Application
News related to:Enova International, Inc · 1 min read
NEW YORK, Sept. 17, 2026 /CourierPR/ -- On September 14, 2026, Enova International, Inc. (NYSE: ENVA) disclosed that it had withdrawn its applications with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System related to the proposed acquisition of Grasshopper Bancorp, Inc. (Grasshopper). The acquisition was announced in December 2025, and during Enova’s July 2026 earnings call, CEO Steve Cunningham expressed confidence in the application process, stating, "I have a lot of confidence in our application. I have a lot of confidence in the process, and I look forward to closing later this year."
The news of Enova’s withdrawal sent a shockwave through the market. On September 14, 2026, Enova’s share price was $226.72 per share. However, by the close of trading on September 15, 2026, the price had plummeted by $53.11 per share, or approximately 23.4%, to $173.61 per share. This significant drop in share value reflects the investors' reaction to the unexpected withdrawal of the application, which had been seen as a positive move for the company.
In response to this development, the law firm of Kirby McInerney LLP is investigating potential claims against Enova International, Inc. The firm is looking into whether the company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices. If you purchased or otherwise acquired Enova securities, Kirby McInerney LLP encourages you to contact Lauren Molinaro, Esq., at [email protected], or fill out the contact form on the firm’s website, to learn more about your rights.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.