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Shift4 Announces Upsize and Pricing of Offering of Series A Mandatory Convertible Preferred Stock

1. Shift4 Payments priced an offering of 8.75 million preferred shares at $100 each.

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FAQ

Why Neutral?

New share issuance could dilute existing shares but also raise capital for growth, similar to past actions by firms like Shopify, which later saw mixed reactions depending on usage of raised funds.

How important is it?

The offering can influence FOUR's market perception and liquidity but its future performance depends on capital allocation decisions.

Why Short Term?

Immediate effect on share price due to new offering, though long-term impact depends on how funds are utilized.

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SHOPSQPYPL
CENTER VALLEY, Pa.--(BUSINESS WIRE)---- $FOUR--Shift4 Payments, Inc. (NYSE: FOUR)(“Shift4” or the “Company”), a leader in integrated payments and commerce technology, today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 8,750,000 shares of Series A Mandatory Convertible Preferred Stock, par value $0.0001 per share (“Mandatory Convertible Preferred Stock”), of the Company at a public offering price of $100.00 per share of Mandatory Convertible Preferred.

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