Marqeta extends Cash App deal with Block through June 2027; pricing reduced

Marqeta, Inc.

Amendment extends Cash App program term to June 30, 2027, effective July 1, 2023.
Pricing for the Cash App program will be reduced under the amended agreement.
Block will manage the primary card network relationship for the Cash App program.
Services to Block will continue for a period after a change of control of Marqeta.
Block has been a stockholder and warrant holder of Marqeta since 2021.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Marqeta, Inc. amended the Amendment with Block, Inc. (formerly Square, Inc., or "Block") (effective 2023-08-04).

Action: amendment
Counterparty: Block, Inc. (formerly Square, Inc., or "Block")
Effective: 2023-08-04

Exact text from the filing

On August 4, 2023 , Marqeta, Inc. (the “Company”) executed a contract amendment (“the Amendment”) to its Master Services Agreement with Block, Inc. (formerly Square, Inc., or “Block”).

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Marqeta, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-028169

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