Cardlytics (NASDAQ: CDLX) Files Form 8-K Announcing Multi-Year Contract Renewal with Lloyds Bank Plc
Cardlytics (NASDAQ: CDLX) announced a multi-year renewal of its Spending Rewards Agreement with Lloyds Bank Plc on December 16, 2020.
Rhea-AI Summary
Cardlytics (NASDAQ: CDLX) announced a multi-year renewal of its Spending Rewards Agreement with Lloyds Bank Plc on December 16, 2020. This agreement extends their partnership to provide Cardlytics Direct to Lloyds customers through December 31, 2023. The renewal signifies ongoing collaboration in enhancing customer loyalty and banking relationships through targeted advertising in banks' digital channels. More information is available on the Cardlytics Investor Relations site.
Positive
- Contract renewal with Lloyds Bank Plc until December 31, 2023, ensuring continued business revenue.
- Strengthens Cardlytics' position in the banking sector, enhancing customer loyalty through targeted advertising.
Negative
- None.
News Market Reaction – CDLX
In the trading session that priced this news, CDLX gained 1.89%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Cardlytics (NASDAQ: CDLX), an advertising platform in banks’ digital channels, today filed Form 8-K with the SEC, announcing a multi-year contract renewal with Lloyds Bank Plc.
On December 16, 2020, Cardlytics UK Limited, a wholly owned subsidiary of Cardlytics, Inc., renewed its Spending Rewards Agreement with Lloyds Bank Plc. Under the agreement, Cardlytics UK Limited will continue to provide Cardlytics Direct to Lloyds customers through December 31, 2023.
The 8-K, along with all other Cardlytics filings, is available on the Cardlytics Investor Relations site, ir.cardlytics.com.
About Cardlytics
Cardlytics (NASDAQ: CDLX) is an advertising platform in banks’ digital channels. We partner with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into where and when consumers are spending their money. We use these insights to help marketers identify, reach and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in London, New York, San Francisco, and Visakhapatnam. Learn more at www.cardlytics.com.
Media Contact:
Angie Amberg
aamberg@cardlytics.com