Company: DLX
Filing Date: 2025-08-07
Form Type: 8-K
Source: 0001104659-25-075071
Chunk: 0

Company: DELUXE CORP
Filing Date: 2025-08-07
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01      Entry into a Material Definitive Agreement.  

On August 6, 2025, Deluxe Corporation, a Minnesota
corporation (the “ Company”), entered into an Asset Purchase Agreement (the “ Purchase Agreement”) with JPMorgan
Chase Bank, National Association, a national bank (“ Seller”). Subject to the terms and conditions of the Purchase Agreement,
on the date of the Purchase Agreement (the “ Closing Date”), the Company acquired certain assets, intellectual property rights
and customer contracts of Seller (as more particularly described in the Purchase Agreement, the “ Purchased Assets”) related
to Seller’s CheckMatch electronic check conveyance service business, and assumed certain liabilities of Seller related to the Purchased
Assets (the “ Transaction”).

The aggregate purchase price payable to Seller
in connection with the Transaction is $25,000,000, (i) $12,500,000 of which was paid on the Closing Date, and (ii) $12,500,000 of
which will be paid 180 days following the Closing Date.

The Purchase Agreement contains customary
representations and warranties, affirmative and negative covenants tailored to the Purchased Assets (including non-competition and
non-solicitation covenants), and indemnification provisions.

SECTION 7 - REGULATION FD