Form 8-K · Current Report · Filed 2025-08-08
Visa Announces $1.4 Billion Release from Convertible Preferred Stock
On August 8, 2025, Visa Inc. announced it will release approximately $1.4 billion from its Series B and Series C Convertible Participating Preferred Stock. This release, conducted in connection with the fourth mandatory release assessment, results from an assessment of the ongoing risk of liability from certain litigation related to the Visa Europe acquisition. The release will lead to a downward adjustment of the Class A Common Equivalent Number and a partial conversion of the Preferred Stock into Series A Convertible Participating Preferred Stock. Effective August 18, 2025, the Class A Common Equivalent Number for each series of Preferred Stock will be updated, and the Company will issue Series A Preferred Stock to holders of record. The Series A Preferred Stock and any resulting Class A Common Stock will be issued under an exemption from Securities Act registration requirements.
- Filer
- Visa Inc. V · NYSE
- Filed
- Accession
- 0001403161-25-000055
- CIK
- 0001403161
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Unregistered Sales of Equity Securities
Market reaction
Close before filing
$332.09
Next session
+1.1%
Since filing
+10.3%
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:
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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