10:48 AM EDT, 04/30/2025 (MT Newswires) -- Shift4 Payments ( FOUR ) said Wednesday it launched an underwritten public offering of 7.5 million shares of its Series A Mandatory Convertible Preferred Stock.

The company expects to grant the underwriters a 30-day overallotment option to purchase up to around 1.1 million additional shares.

Shift4 said it intends to use the net proceeds from the offering, along with proposed additional permanent debt financing of up to $1.735 billion and cash on its balance sheet, for the payment of cash consideration related to its acquisition of Global Blue Group Holding and associated fees, costs, and expenses, as well as for general corporate purposes.

Shares of Shift4 Payments ( FOUR ) were down more than 6% in recent trading.

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