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- The Closing of This Offering of the Mandatory Convertible Preferred Stock Is Not Conditioned Upon the Consummation of the Global Blue Merger. (new) — Investors bear the risk that the merger fails or is delayed, yet they still hold the preferred stock.
- Certain of Our Executive Officers, or Vehicles Controlled By Them, Have Entered Into Rule 10b5-1 Trading Plans Pursuant to Which They Intend to Sell Up to an Aggregate of Approximately 78,950 Shares of Our Class A Common Stock From Time to Time, Including Up to 26,050 Shares During the Lock-up Period. (new) — Insider selling during the lock-up period could pressure the stock price and reduce the value of the preferred stock.
Shift4 Payments prices $875M primary offering of 6.00% mandatory convertible preferred stock at $100/share
Filed May 2, 2025 · ~2 min read
Key Changes
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Shift4 is selling 8.75M shares of 6.00% mandatory convertible preferred stock at $100 per share, raising $875M gross for the company.
The Offering verify on EDGAR → -
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Net proceeds to the company are $853.13M (or $975M if underwriters fully exercise their over-allotment option), after underwriting discount but before offering expenses.
Use of Proceeds verify on EDGAR → -
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Proceeds are intended to fund the Global Blue Merger, along with up to $1.735B in proposed debt financing and $154M cash on hand.
Use of Proceeds verify on EDGAR →
4 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 3, 2026 · How we verify