Visa: Litigation fees drop below 50% threshold, clearing path for Class B exchange offer

VISA INC.

Estimated interchange fees in unresolved U.S. litigation fell from $49.6B (Oct 2023) to ~$39.4B (Oct 2025); expected to drop below $24.8B after 7-Eleven dismissal.
Board authorized successive exchange offer for all Class B-1 and B-2 shares once conditions satisfied.
Exchange offer will allow holders to exchange for restricted Class B-3 and freely transferable Class C common stock.
Company expects to file S-4 registration statement upon conditions met; timing subject to SEC review and market conditions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.