On April 30, 2025, Shift4 Payments, Inc. announced the issuance of 10 million shares of 6.00% Series A Mandatory Convertible Preferred Stock, totaling a $1 billion liquidation preference, to finance its acquisition of Global Blue Group Holding AG and for general corporate purposes. The offering closed on May 5, 2025, with an additional option for underwriters to purchase 1.25 million more shares within 30 days.