Modern card issuing platform Marqeta, Inc. (NASDAQ:MQ) has announced that it will effect a 1-for-4 reverse stock split of all of Marqeta’s outstanding shares of Class A Common Stock, Class B Common Stock, and Preferred Stock.

The Reverse Stock Split was approved by Marqeta’s stockholders at the Company’s annual meeting held on June 10, 2026, and will become legally effective at 4:00 p.m. Eastern Time on June 30, 2026. Beginning with the opening of trading on July 1, 2026, the Company’s Class A Common Stock will trade on a split-adjusted basis.

The amendment to the Company’s certificate of incorporation effecting the Reverse Stock Split will also proportionately reduce the number of authorized shares of the Company’s undesignated Preferred Stock, as well as its authorized Class A Common Stock and Class B Common Stock.

Upon the effectiveness of the Reverse Stock Split, every four shares of the Company’s issued and outstanding Class A Common Stock, Class B Common Stock, and Preferred Stock will be automatically combined and converted into one issued and outstanding share of Class A Common Stock, Class B Common Stock, and Preferred Stock, respectively, par value $0.0001 per share.

As a result of the Reverse Stock Split, there will be approximately 97 million shares of Class A Common Stock and 8 million shares of Class B Common Stock issued and outstanding, based on the Company’s issued and outstanding shares as of the Annual Meeting on June 10, 2026. The Reverse Stock Split will not affect any stockholder’s ownership percentage of the Common Stock.

The Company’s Class A Common Stock will continue to trade on The Nasdaq Global Select Market under the stock ticker “MQ” but will trade under the new CUSIP number 57142B203. All restricted stock units, performance stock units, options, and convertible securities of the Company outstanding immediately prior to the Reverse Stock Split will be adjusted proportionally.

No fractional shares will be issued in connection with the Reverse Stock Split, and stockholders will receive a cash payment in lieu of any fractional shares.