{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-112827","form_type":"8-K","ticker":"FOUR","cik":"0001794669","company_name":"Shift4 Payments, Inc.","filed_at":"2025-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.744972+00:00","generated_at":"2026-05-22T18:12:19.693238+00:00","sec_items":["1.01","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Shift4 issues $1B mandatory convertible preferred to fund Global Blue acquisition","bullets":["Issued 10M shares of 6.00% Series A Mandatory Convertible Preferred Stock ($1B liquidation preference) on May 5, 2025; over-allotment fully exercised for 1.25M additional shares.","Cumulative dividends at 6.00% p.a., payable quarterly in cash or Class A common stock at company's option, starting Aug 1, 2025.","Mandatory conversion into Class A common stock on May 1, 2028 at conversion rate between 0.9780 and 1.2224 shares per preferred share.","Net proceeds, together with up to $1.735B of additional debt, to fund acquisition of Global Blue Group Holding AG and for general corporate purposes.","Company may redeem all shares if Global Blue merger is terminated; lock-up on similar securities for 90 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-112827","json":"https://secwatch.observer/filing/0001193125-25-112827.json","markdown":"https://secwatch.observer/filing/0001193125-25-112827.md","text":"https://secwatch.observer/filing/0001193125-25-112827.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1794669/000119312525112827/0001193125-25-112827-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1794669/000119312525112827/d933111d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T18:12:19.693238+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"23b2a03b7bbb48e8695cb72030c6e6473ad9fb90","claim":"Shift4 Payments, Inc.: Filed Certificate of Designations to establish Series A Mandatory Convertible Preferred Stock (effective 2025-05-05).","evidence_excerpt":"In connection with the issuance of Series A Mandatory Convertible Preferred Stock, the Company filed a Certificate of Designations (the “Certificate of Designations”) with the Delaware Secretary of State on May 5, 2025, to establish the designations, powers, preferences and rights of the Series A Mandatory Convertible Preferred Stock and the qualifications, limitations and restrictions thereof.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1794669/000119312525112827/0001193125-25-112827-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-05-05"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}