On April 22, 2024, SoFi Technologies, Inc. announced its plan to redeem all outstanding shares of its Series 1 Redeemable Preferred Stock on May 29, 2024. The redemption will cover 3,234,000 shares at a price of approximately $105.1027 per share, totaling an aggregate payment of $339,902,260.27. This includes the $100 per share value plus accumulated and unpaid dividends. The company anticipates a cost saving of about $29.3 million in dividend payments for the year 2024 by redeeming these shares, which currently yield a 12.5% annual dividend. Notable holders of the Series 1 Preferred Stock include QIA FIG Holding LLC, entities affiliated with Silver Lake, and SoFi's CEO Anthony Noto. The company's forward-looking statements indicate that there are risks and uncertainties involved, and actual results may differ from current expectations. These statements have not been deemed as 'filed' for regulatory purposes and are not admissions of materiality.

On April 22, 2024, SoFi Technologies, Inc. announced its plan to redeem all outstanding shares of its Series 1 Redeemable Preferred Stock on May 29, 2024. The redemption will cover 3,234,000 shares at a price of approximately $105.1027 per share, totaling an aggregate payment of $339,902,260.27. This includes the $100 per share value plus accumulated and unpaid dividends. The company anticipates a cost saving of about $29.3 million in dividend payments for the year 2024 by redeeming these shares, which currently yield a 12.5% annual dividend. Notable holders of the Series 1 Preferred Stock include QIA FIG Holding LLC, entities affiliated with Silver Lake, and SoFi's CEO Anthony Noto. The company's forward-looking statements indicate that there are risks and uncertainties involved, and actual results may differ from current expectations. These statements have not been deemed as 'filed' for regulatory purposes and are not admissions of materiality.