SECURITIES AND EXCHANGE COMMISSION
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|Item 1.02|| |
Termination of a Material Definitive Agreement.
On May 20, 2021, MoneyGram International, Inc. (“MoneyGram” or the “Company”) and Ripple Labs Inc. (“Ripple”) agreed to terminate the Securities Purchase Agreement, dated June 17, 2019, between the parties.
|Item 7.01|| |
Regulation FD Disclosure.
On May 20, 2021, Ripple informed MoneyGram that it has sold all of its common stock and warrants to purchase MoneyGram common stock, and now has no ownership interest in the Company. Accordingly, Ripple’s right to appoint a MoneyGram board observer has terminated and Asheesh Birla has resigned from such role.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Name:||Robert L. Villasenor|
|Title:||General Counsel, Corporate Secretary and Chief Administrative Officer|
Date: May 21, 2021