secwatch.observer — SEC 8-K summary
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Issuer:     Marqeta, Inc. (MQ)
CIK:        0001522540
Form:       8-K/A
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001522540-23-000027
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01, 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Marqeta extends Cash App contract with Block through June 2027 with revised pricing
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- Cash App program term extended to June 30, 2027, effective July 1, 2023.
- Block will manage primary card network relationship for Cash App, including brand choice and financial terms.
- Pricing reduced; Marqeta will receive payment for Card Brand and Issuing Bank fees from Block.
- Upon a change of control, Marqeta must continue services for at least 24 months after closing.
- Block has been a stockholder and warrant holder of Marqeta since 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522540/000152254023000027/0001522540-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522540/000152254023000027/mq-20230804.htm
  HTML page:      https://secwatch.observer/filing/0001522540-23-000027

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