Phoenix Education Partners Acquisition Price For Fuel50 Is $31.5M Cash; Fuel50 Securityholders May Receive Earnout Payments Up To $8.50M Through 2027; Acquisition To Be Funded With Cash On Hand; Fuel50 To Continue Operating Under Its Own Brand After Acquisition

On September 16, 2026, Phoenix Education Partners, Inc. announced its agreement to acquire Fuel50 Inc. for approximately $31.5 million in cash, with potential earnout payments of up to $8.5 million through 2027 based on performance milestones. The acquisition will be funded using cash on hand and is expected to close within 30 days, pending customary closing conditions. Fuel50 will continue to operate under its own brand following the acquisition.