Marqeta, Inc. (NASDAQ: MQ), the modern card issuing platform, will carry out a 1-for-4 reverse stock split of all outstanding shares of its Class A Common Stock, Class B Common Stock, and Preferred Stock, effective at 4:00 p.m. Eastern Time on June 30, 2026.
Approved by Marqeta’s stockholders at the company’s annual meeting on June 10, 2026, the reverse stock split means that from the opening of trading on July 1, the company’s Class A Common Stock will trade on a split-adjusted basis on the Nasdaq Global Select Market. Marqeta will retain its “MQ” ticker symbol but will trade under a new CUSIP number, 57142B203.
Under the terms of the split, every four shares of issued and outstanding Class A Common Stock, Class B Common Stock, and Preferred Stock will be automatically combined into one share. Post-split, Marqeta expects to have approximately 97 million shares of Class A Common Stock and 8 million shares of Class B Common Stock issued and outstanding, based on share counts at the time of the June 10 annual meeting.
The amendment to Marqeta’s certificate of incorporation will also proportionately reduce the number of authorized shares across all share classes. All restricted stock units, performance stock units, options, and convertible securities will be adjusted proportionally.
No fractional shares will be issued; stockholders will instead receive a cash payment in lieu. Shareholders holding positions through book-entry form or via a broker or nominee will have their accounts automatically updated and are not required to take any action.
