Visa Inc. (NYSE:V) has successfully concluded its Exchange Offer for Class B-1 common stock, which expired on May 3, 2024. The offer allowed holders of Class B-1 common stock to exchange their shares for a mix of Visa's Class B-2 common stock, Class C common stock, and cash for fractional shares. Visa announced the acceptance of 240,677,470 shares of Class B-1 common stock, representing 98 percent of the outstanding shares in this category. In return, Visa will issue 120,338,683 shares of Class B-2 common stock and 47,759,832 shares of Class C common stock. Additionally, cash payments will be made for fractional shares based on the closing price of Class A common stock on the NYSE as of the expiration date, which was $268.49. The settlement...Show More

Visa Inc. (NYSE:V) has successfully concluded its Exchange Offer for Class B-1 common stock, which expired on May 3, 2024. The offer allowed holders of Class B-1 common stock to exchange their shares for a mix of Visa's Class B-2 common stock, Class C common stock, and cash for fractional shares. Visa announced the acceptance of 240,677,470 shares of Class B-1 common stock, representing 98 percent of the outstanding shares in this category. In return, Visa will issue 120,338,683 shares of Class B-2 common stock and 47,759,832 shares of Class C common stock. Additionally, cash payments will be made for fractional shares based on the closing price of Class A common stock on the NYSE as of the expiration date, which was $268.49. The settlement of the exchange is expected to be processed promptly. Visa, a global leader in digital payments, operates across more than 200 countries and territories, aiming to connect the world through a secure payments network. The Exchange Offer was detailed in the Prospectus, and further information can be obtained from the SEC's website or through the exchange and information agents engaged by Visa.