secwatch.observer — SEC 8-K summary
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Issuer:     WELLS FARGO & COMPANY/MN (WFC)
CIK:        0000072971
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001193125-24-182694
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wells Fargo raises $2B via 6.85% perpetual preferred stock issuance
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- Wells Fargo issued $2B of 6.85% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (Series FF).
- Each depositary share represents a 1/25th interest in a share with a $25,000 liquidation preference.
- The Series FF is non-cumulative, perpetual, and features a fixed rate reset mechanism.
- Offering was underwritten by Wells Fargo Securities, LLC as representative of the underwriters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72971/000119312524182694/0001193125-24-182694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72971/000119312524182694/d854856d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-182694

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer