---
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"
generated_at: "2026-05-22T18:12:19.693238+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Shift4 issues $1B mandatory convertible preferred to fund Global Blue acquisition

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-112827
- JSON: https://secwatch.observer/filing/0001193125-25-112827.json
- Plain text: https://secwatch.observer/filing/0001193125-25-112827.txt

## Key facts
- Governance Changes
  Shift4 Payments, Inc.: Filed Certificate of Designations to establish Series A Mandatory Convertible Preferred Stock (effective 2025-05-05).
  - Change: charter amendment
  - Effective: 2025-05-05
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1794669/000119312525112827/0001193125-25-112827-index.htm

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