Visa Exchange Offer Expiry – 98% Shares Tendered

By Greg Peters • Monday, May 11 16:12 • Permanent Link

Visa said its exchange offer for Class B-1 and Class B-2 common stock expired on May 8, 2026, with holders tendering about 122.5 million shares in total.

The company accepted approximately 2.7 million Class B-1 shares and 119.8 million Class B-2 shares. That means roughly 98% of the outstanding Class B-1 and B-2 shares were tendered, including about 55% of outstanding Class B-1 shares and more than 99% of outstanding Class B-2 shares.

In exchange, Visa will issue about 60.6 million shares of Class B-3 common stock and about 23.3 million shares of Class C common stock. For fractional shares, Visa will pay cash using the NYSE closing price of its Class A common stock on the expiration date, which was $318.79.

The exchange is scheduled to settle promptly. Following these announcements, the company's shares moved 1.67%, and are now trading at a price of $324.12. If you want to know more, read the company's complete 8-K report here.

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