RideNow Group, Inc. Announces $220 Million Senior Secured Term Loan Refinancing; In Advanced Discussions for $50 Million Asset Backed Lending (ABL) Facility
ABL: 8-K · other
Abacus Global Management furnished an 8-K on August 24, 2026 attaching a shareholder letter from Chief Investment Officer Elena Plesco covering a valuation update and mid-year outlook, issued to address recurring investor questions after second quarter earnings. Starting in Q2 2026 the company is valuing life insurance policies under an updated market-based Historical Return Method, applying observed realized returns directly to policy cost basis rather than back-solving a discount rate; management notes average realized gains have held in a 21%-37% band over the last ten quarters, above its 20% long-term target. The letter reiterates a record first half: Q2 revenue of $73.0 million grew 30% year over year with Life Solutions up 38.3%, adjusted net income of $27.1 million exceeded the high end of guidance, adjusted EBITDA rose 27% to $39.9 million at a near-55% margin, and year-to-date capital deployed hit a record $362 million. Management raised its quarterly capital deployment target to $150-$175 million from $130-$150 million, citing new channels such as securitizations and more than $1 billion of fund commitments received over the past twelve months.
Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility
ABL: 8-K · share repurchase
Abacus Global Management's Board has authorized a new $100 million share repurchase program, commencing August 17, 2026, and running until May 6, 2028. The program permits open-market purchases, privately negotiated transactions, accelerated share repurchases, block trades, and Rule 10b5-1 plans. The company expects to fund the buyback through ongoing free cash flow generation and proceeds from balance sheet transactions, supplemented by cash on hand. Management says the capital allocation framework balances continued investment in origination growth, technology, and acquisitions with returning capital to shareholders. This authorization builds on roughly $80 million of Abacus stock repurchased under prior programs since December 2023. CEO Jay Jackson framed the move as a vote of confidence in the company's lifespan-linked finance strategy and its ability to generate attractive returns on capital.
ABL: 10-Q · periodic report
Abacus Global Management's Q2 2026 revenue rose 29.9% year over year to $73.0 million, led by $65.4 million from Life Solutions, but net income fell roughly 62% to $6.6 million with diluted EPS of $0.07 versus $0.18 a year ago. The margin compression came from operating expenses up 54% to $42.5 million (G&A nearly doubled to $33.0 million), an effective tax rate that jumped to 39.6% from 18.8%, and a $42.0 million six-month unrealized loss on held life settlement policies as prior-quarter marks reversed. Notably, effective with Q2 2026 the company changed how it values its core asset: life settlement policies are now marked using a Historical Return Method, a market multiple of cost derived from its own transaction database at a 25.1% weighted-average return, replacing the prior discounted cash flow with Monte Carlo simulation — an earnings-quality consideration for a firm whose profit is largely Level 3 marks. On capital, cash fell to $23.4 million against $330.6 million of total debt, the board added an unfunded $75 million to its Senior Secured Credit Facility, buyback authorizations are fully exhausted after $24.4 million of H1 repurchases, and Abacus deployed $53.1 million for a minority stake in Manning & Napier.
ABL: 8-K · earnings release
Abacus Global Management reported record second quarter 2026 revenue of $73.0 million, up 30% year-over-year, with adjusted EPS of $0.28 and adjusted net income of $27.1 million both exceeding the high end of guidance ranges. Record adjusted EBITDA grew 27% YoY to $39.9 million at a 54.7% margin. GAAP net income fell 63% YoY to $6.6 million on higher personnel costs, business acquisition expenses, and stock-based compensation, but operating cash flow surged to $130.9 million for the first half from $14.5 million a year earlier. The company's longevity funds raised $544.2 million in the first half, beating its $500 million target, and it launched its first registered interval fund open to individual investors, the ABX Longevity Growth and Income Fund (ABXGX). It also completed a $53 million minority equity investment in Manning & Napier in May 2026 and began tokenizing in-force life insurance policies. Management guided FY2026 adjusted net income to $100-$106 million and adjusted EPS to $1.00-$1.05, with Q3 adjusted EPS of $0.26-$0.28. The balance sheet holds $23.4 million of cash against $330.6 million of total debt, including 9.875% senior notes due 2028.
Abacus Global Management (ABX) announced the launch of LifeARC, a proprietary AI-powered lifespan modeling platform designed to personalize retirement planning using individual health and biometric data. The company positions this technology as the 'intelligence layer' for the $120 trillion generational wealth transfer, claiming a unique competitive moat based on 20 years of proprietary data. The filing highlights a recently closed $50 million investment in Manning & Napier, an $18 billion AUM financial advisory firm, to deploy LifeARC across its 3,400+ clients. CEO Jay Jackson described the strategic shift from traditional asset management to a data and technology platform, comparing Abacus’s potential infrastructure role to that of Amazon or Uber. While the CEO expressed a belief that the company could be a '100-bagger' due to the lack of direct competitors in this niche, the filing is a strategic update under Item 7.01 rather than a report of material financial results or a new binding agreement. The announcement serves to reframe the company’s value proposition around AI and longevity data rather than reporting immediate operational changes.
ABL: 8-K · proxy statement
Abacus Global Management, Inc. (ticker: ABL, trading as ABX) held its Annual Meeting of Shareholders on June 3, 2026, reporting the re-election of Jay Jackson and Thomas W. Corbett, Jr. as Class III directors for three-year terms. Shareholders approved the 2026 Long-Term Equity Incentive Plan (LTIP), authorizing the issuance of up to 17 million shares, with an annual evergreen provision allowing for a 5% increase in available shares through 2029. The meeting also saw the ratification of KPMG LLP as the independent auditor and the approval of a one-year frequency for the advisory say-on-pay vote on executive compensation.
ABL: 8-K · acquisition merger
Abacus Global Management (NYSE: ABX) announced the closing of its $52.9 million acquisition of an indirect minority position in Manning & Napier, Inc., a diversified wealth and asset management firm with approximately $18 billion in assets under management. The transaction includes a Strategic Alliance Agreement that enables Manning & Napier advisors to leverage Abacus’s proprietary LifeARC longevity data platform for financial planning and allows Manning & Napier to distribute Abacus Asset Group investment products, including ETFs and longevity funds. The partnership establishes a bi-directional referral framework, allowing Abacus to refer its ~10,000 monthly customer leads to Manning & Napier’s wealth advisory platform, while Manning & Napier clients gain access to Abacus’s life insurance and asset-based finance solutions.
Provident Bank Expands ABL Team with the Addition of Bruce Gibson as First Vice President, Senior Relationship Manager
