Sezzle (SEZL) Registration Filing summary

Company overview and business model

• Operates a digital payments platform focused on providing flexible alternatives to traditional credit, targeting Gen Z and Millennial consumers who use credit cards less frequently and seek modern commerce solutions.

• Mission-driven as a Delaware public benefit corporation and certified B Corporation, emphasizing ethical, sustainable growth and stakeholder engagement.

• As of March 31, 2024, platform serves approximately 2.6 million active consumers, primarily in the U.S. and Canada, with operations winding down in India and parts of Europe.

Use of proceeds and capital allocation

• Will not receive any proceeds from the sale of shares in this offering; all net proceeds go to the selling stockholders.

• Has never declared or paid cash dividends; future dividends are at the discretion of the Board and depend on financial condition and other factors.

Risk factors and disclosures

• Faces risks from increased regulatory scrutiny of the Buy-Now Pay-Later (BNPL) industry, competition, macroeconomic conditions, and exposure to consumer bad debts.

• Risks also include reliance on merchant and partner relationships, data security threats, compliance costs, and maintaining B Corporation certification.

• Additional risks are detailed in the most recent Annual Report on Form 10-K and subsequent SEC filings.