Visa announced the expiration and final results of its exchange offer for shares of its Class B-1 and Class B-2 common stock. The offer, which expired on May 8, 2026, allowed holders to exchange their shares for a combination of Class B-3 common stock, Class C common stock, and cash for fractional shares.
Key Details
- Shares Tendered: Visa accepted approximately 2.7 million shares of Class B-1 stock and 119.8 million shares of Class B-2 stock, representing about 98% of the outstanding shares in these classes.
- Shares Issued: In exchange, Visa will issue approximately 60.6 million shares of Class B-3 common stock and 23.3 million shares of Class C common stock.
- Cash for Fractional Shares: Cash payments for fractional shares will be based on the Class A common stock closing price of $318.79 as of the May 8, 2026 expiration date.