Reverse stock split is a mechanical capital restructuring; no fundamental change in business value.
Marqeta will effect a 1-for-4 reverse stock split of its outstanding Class A Common Stock, Class B Common Stock, and Preferred Stock, becoming legally effective at 4:00 p.m. Eastern Time on June 30, 2026. The company's Class A Common Stock is expected to begin trading on a split-adjusted basis on Nasdaq under the ticker MQ with a new CUSIP number 57142B203 starting July 1, 2026. Every four shares will be automatically combined into one share, resulting in approximately 97 million Class A and 8 million Class B shares outstanding based on shares as of the June 10 annual meeting. No fractional shares will be issued; stockholders will receive cash in lieu of any fractions. Stockholders holding shares in book-entry form or through a broker will have their positions automatically adjusted and need take no action.
Reverse stock split is a mechanical capital restructuring; no fundamental change in business value.