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Form 8-K · Current Report · Filed 2024-05-06

Visa Announces Expiration and Results of Class B-1 Common Stock Exchange Offer

On May 6, 2024, Visa Inc. announced the expiration and results of its Exchange Offer for Class B-1 common stock. The offer, which expired on May 3, 2024, allowed Class B-1 shareholders to exchange their shares for a combination of Class B-2 common stock, Class C common stock, and cash in lieu of fractional shares. Visa accepted 240,677,470 shares, representing 98% of outstanding Class B-1 shares. In exchange, Visa will issue 120,338,683 shares of Class B-2 common stock, 47,759,832 shares of Class C common stock, and will pay cash totaling approximately $64,581,104 based on the Class A common stock price as of the expiration date. The results of the exchange offer are detailed in a press release furnished as Exhibit 99.1.

Filer
Visa Inc. V · NYSE
Filed
Accession
0001193125-24-131519
CIK
0001403161
Signal
Low impactFinancial Services

Items reported

Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$268.49

Next session

+3.0%

Since filing

+36.4%

Latest close

$366.13

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from V reporting the same item, with the next session's move:

Exhibits (1)

About Visa Inc.

Visa Inc. is a preeminent financial services corporation specializing in facilitating electronic payments globally. Visa operates one of the world's largest retail electronic payment networks and serves as a critical infrastructure provider within the financial ecosystem. The company's primary function is to facilitate global commerce through the transfer of value and information among financial institutions, businesses, consumers, and governments. One of Visa's notable features is its extensive network, which connects millions of merchants and cardholders, enabling secure and efficient transactions. Visa's technology and innovation in payment systems play a pivotal role in digital and online transactions, impacting various sectors, including retail, hospitality, and e-commerce. Visa's market significance lies in its ability to provide secure and reliable payment processing and its role in enabling the shift towards a cashless society. It is instrumental in driving financial inclusion, offering payment solutions that cater to diverse segments, from individuals to large enterprises. Headquartered in Foster City, California, Visa continues to lead the industry by embracing new technologies and expanding its payment solutions across emerging markets worldwide.

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