04:53 AM EDT, 05/01/2025 (MT Newswires) -- Shift4 Payments ( FOUR ) said Thursday it priced a public offering of 8.75 million series A mandatory convertible preferred shares at $100 apiece.

The company initially planned to offer 7.5 million shares.

Underwriters have a 30-day option to buy up to 1.25 million additional shares.

The offering is expected to close by Monday, with its proceeds expected to help fund the company's previously announced acquisition of Global Blue Group, among other uses.

Shift4 Payments ( FOUR ) shares were up 1.9% in recent premarket activity.