Company: AFRM
Filing Date: 2025-11-06
Form Type: 8-K
Source: 0001628280-25-050159
Chunk: 0

Company: Affirm Holdings, Inc.
Filing Date: 2025-11-06
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement

Second Amended and Restated Installment Financing Services Agreement

On November 6, 2025, Affirm, Inc. (“ Affirm”), a wholly owned subsidiary of Affirm Holdings, Inc. (the “ Company”), entered into the Second Amended and Restated Installment Financing Services Agreement with Amazon. com Services LLC (“ Amazon Services”) and Amazon Payments, Inc. (the “ Restated Agreement”). On February 1, 2026 (the “ Effective Date”), the Restated Agreement will supersede and replace the previously disclosed Amended and Restated Installment Financing Services Agreement, dated November 10, 2021 (the “ Original Agreement”), as amended. The Original Agreement remains in effect until the Effective Date.

Pursuant to the terms of the Restated Agreement, Affirm will continue to make its closed-end installment loan products available to eligible consumers on Amazon. com, and through the Amazon Pay widget on certain third-party retailer online channels.

The Restated Agreement has an initial term of five years that commences on February 1, 2026 and extends through the end of January 2031. The Restated Agreement will automatically extend for successive one-year terms unless either party provides notice not to extend.

The foregoing includes only a brief description of the material terms of the Restated Agreement and does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Restated Agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending December 31, 2025.

Second Amendment to Warrant

On November 2, 2025, in connection with the entry into the Restated Agreement, the Company and Amazon Services entered into a second amendment (the “ Second Amendment”) to the amended and restated warrant (as amended, the “ Warrant”) to purchase up to an aggregate of 15,000,000 shares of Class A common stock, $0.00001 par value per share (the “ Warrant Shares”), of the Company. The Second Amendment (i) maintains the exercise price of $100.00 per share for Warrant Shares that vest based on the number of New Users Acquired (as defined in the Warrant) prior to February 1, 2026 and (ii) sets an exercise price of $63.06 per share for Warrant Shares that vest based