CHARLESTON, S.C., September 10, 2026--(BUSINESS WIRE)--Breach Inlet Capital Management, LLC ("Breach Inlet Capital" or "we") is a top 10 shareholder of PROG Holdings, Inc. (NYSE: PRG) ("PRG" or the "Company") with ownership of approximately 3.0% of the shares outstanding. Today, we published an investment presentation outlining our view that the Company's shares are materially undervalued and PRG could spin off its high-growth business to potentially correct the current mispricing.
Our presentation can be accessed here: https://breachinletcap.com/research.
About Breach Inlet Capital
Breach Inlet Capital is a boutique investment firm seeking to compound investors' capital at a high rate through a concentrated portfolio of small cap companies undergoing transformation. The firm was founded in 2016 by Chris Colvin and is based in Charleston, SC.
Disclaimer
This press release is for informational purposes only and does not constitute investment advice or an offer to buy or sell any security. The views expressed represent the opinions of Breach Inlet Capital as of the date of this release and are subject to change without notice. Forward-looking statements, projections, and estimates are inherently uncertain and are not guarantees of future performance. Actual results may differ materially. Breach Inlet Capital holds approximately 2.7% of PRG's shares outstanding and has a long economic interest in the company. Breach Inlet Capital may buy or sell shares at any time without notice.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260910901623/en/
Contacts
Breach Inlet Capital Management, LLC
Chris Colvin, CFA
Founder and Portfolio Manager
info@breachinletcap.com