---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-023529"
form_type: "8-K"
ticker: "XYZ"
cik: "0001512673"
company_name: "Block, Inc."
filed_at: "2022-01-31T23:59:59+00:00"
generated_at: "2026-06-27T13:32:22.712217+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Block completes Afterpay acquisition; issues 113.4M shares, appoints Sharon Rothstein to board

## Summary
- Acquisition closed Jan 31/Feb 1, 2022; Afterpay shareholders received 0.375 Block shares per share; total issuance 113.4M shares.
- Block appoints former Afterpay director Sharon Rothstein to its Board as Class III director, effective immediately.
- Block amended revolver to permit Afterpay's A$1.5B zero-coupon convertible notes due 2026; noteholders may seek redemption by March 4, 2022.
- Square launches first integration: Afterpay BNPL for Square Online merchants in US and Australia, aiming to drive incremental revenue.
- Afterpay co-founders Nick Molnar and Anthony Eisen join Block to lead seller/consumer businesses within Square and Cash App ecosystems.

## SEC filing metadata
- accession: 0001193125-22-023529
- form_type: 8-K
- ticker: XYZ
- cik: 0001512673
- company_name: Block, Inc.
- filed_at: 2022-01-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512673/000119312522023529/0001193125-22-023529-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512673/000119312522023529/d261416d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-023529
- JSON: https://secwatch.observer/filing/0001193125-22-023529.json
- Plain text: https://secwatch.observer/filing/0001193125-22-023529.txt

## Key facts
- Executive change
  Sharon Rothstein was appointed as Class III Director at Block, Inc..
  - Action: appointed
  - Role: Class III Director
  source text: Block’s board of directors (the “Board”) increased the size of the Board from twelve to thirteen directors and appointed Sharon Rothstein, former director of Afterpay, to the Board as a Class III director, effective as of immediately following the closing of the Transaction on January 31, 2022 (Pacific Standard Time) / February 1, 2022 (Australian Eastern Daylight Time).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512673/000119312522023529/0001193125-22-023529-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.