Marqeta, Inc. will implement a 1-for-4 reverse stock split of its Class A and Class B common stock. The split becomes legally effective at 4:00 p.m. Eastern Time on June 30, 2026.
Class A shares will begin trading on a split-adjusted basis on July 1, 2026. The stock will continue trading on the Nasdaq Global Select Market under the ticker MQ with a new CUSIP number.
Stockholders approved the measure during the company's annual meeting on June 10, 2026. Marqeta intends for the higher per-share price to attract a broader range of institutional investors.
The action reduces the total number of outstanding shares. It also proportionately decreases the number of authorized shares.