Blackbaud Announces Impairment Charge Related to EVERFI Assets

CHARLESTON, S.C., Dec. 12, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today filed a Form 8-K with the United States Securities and Exchange Commission (SEC) stating that the Company concluded a material pre-tax noncash impairment charge, which may be up to approximately $415 million, is required for its EVERFI asset group and will be recorded during the fourth quarter of 2024.As previously disclosed, due to EVERFI performing below expectations ...