Brief: Payfare And DoorDash To Not Renew Agreement
26/09/2024 22:04
Sept 26 (Reuters) - Payfare Inc PAY.TO :
* PAYFARE AND DOORDASH TO NOT RENEW AGREEMENT
* PAYFARE INC - CORE SERVICES AGREEMENT RELATED TO DOORDASH,
INC.'S DASHERDIRECT CARD PROGRAM WILL NOT BE RENEWED BEYOND
CURRENT TERM IN EARLY 2025
* PAYFARE INC - WITHDRAWS 2024 FINANCIAL GUIDANCE DUE TO
DOORDASH
NON-RENEWAL
* PAYFARE - HAS OVER $100 MILLION IN CASH,CASH
EQUIVALENTS,GUARANTEED INVESTMENT CERTIFICATES AND IS WELL
CAPITALIZED TO FUND NEW STRATEGIC INITIATIVES
Source text for Eikon: ID:nPn5H1dKRa
Further company coverage: PAY.TO
((Reuters.Briefs@thomsonreuters.com;))
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