Corporate News Update – Upstart Holdings, Inc.
Trading Summary
- Current price: USD 23.94 per share.
- 24‑hour change: +1.72 % (ending 06:06 PM Central Europe, Wednesday 21 Oct 2026).
- Volume (last 24 h): USD 83.5 million worth of shares traded.
- Outstanding shares: 97.2 million.
- Market capitalization: USD 2.3 billion.
- Moving average (200 days): USD 30.88.
- 52‑week range: Highest USD 55.22 (24 Oct 2025); lowest USD 22.21 (14 Oct 2026).
- Month‑to‑date performance: Down 7.54 % since the end of the previous month.
Latest Filing
On 20 Oct 2026, Upstart Holdings, Inc. submitted a current report disclosing that its subsidiary, Upstart Network, entered into a senior secured revolving credit facility with MUFG Bank and other lenders.
- The facility is intended to provide initial capitalization and operational flexibility for a newly formed bank unit.
- Repayment is expected from proceeds of affiliate loan sales once regulatory approvals are obtained.
- The credit agreement includes detailed covenants, interest terms, and a direct financial obligation to maintain liquidity and leverage thresholds.
- No other material events were reported.
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|---|---|---|---|---|
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Company Overview
Upstart Holdings, Inc. operates a cloud‑based artificial intelligence lending platform designed to improve credit access while reducing risk and cost for banking partners. The company functions as a holding entity within the financial services sector.
