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Market Information for Common Stock
−Removed: Our Class A common stock has traded on the Nasdaq Global Select Market under the symbol “MQ” since our initial public offering on June 9, 2021.
+Added: Our Class A common stock has traded on the Nasdaq Global Select Market under the symbol “MQ” since our IPO on June 9, 2021.
Prior to that date, there was no public market for our common stock.
3 unchanged sentences
Dividend Policy
−Removed: We have never declared or paid any cash dividend on our capital stock.
+Added: We have not declared or paid any cash dividend on our capital stock.
We currently intend to retain any future earnings and do not expect to pay any dividends in the foreseeable future.
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The following performance graph shall not be deemed “soliciting material” or deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of Section 18 of the Exchange Act, and shall not be deemed to be incorporated by reference into any of our filings under the Exchange Act or the Securities Act.
−Removed: The following stock performance graph compares the cumulative total return on our Class A common stock to the cumulative total returns of the Nasdaq Composite Index and the S&P Information Technology Index during each monthly period from June 9, 2021 (the date our Class A common stock began trading on the Nasdaq Global Select Market) through December 31, 2022.
+Added: The following stock performance graph depicts the cumulative total return on our Class A common stock relative to the cumulative total returns of the Nasdaq Composite Index and the S&P Information Technology Index during each monthly period from June 9, 2021 (the date our Class A common stock began trading on the Nasdaq Global Select Market) through December 31, 2023.
All values assume a $100 initial investment and reinvestment of dividends.
−Removed: The returns shown are based on historical results and are not intended to suggest future performance.
−Removed: Company/Index (1)
−Removed: 06/09/21 06/30/21 09/30/21 12/31/21 03/31/22 06/30/22 09/30/22 12/31/22
−Removed: Marqeta, Inc.
−Removed: $ 100.00 $ 91.97 $ 72.48 $ 56.26 $ 36.17 $ 26.57 $ 23.33 $ 20.02
−Removed: Nasdaq Composite Index $ 100.00 $ 104.29 $ 104.05 $ 112.84 $ 102.75 $ 79.86 $ 76.73 $ 76.13
−Removed: S&P Information Technology Index $ 100.00 $ 105.62 $ 107.03 $ 124.90 $ 114.46 $ 91.29 $ 85.62 $ 89.68
−Removed: (1) Prepared by Zacks Investment Research, Inc.
−Removed: Used with permission.
−Removed: All rights reserved.
−Removed: Copyright NASDAQ OMX, Inc.
−Removed: Used with permission.
−Removed: All rights reserved.
−Removed: Copyright Standard and Poor’s, Inc.
−Removed: Used with permission.
−Removed: All rights reserved.
−Removed: Issuer Purchase of Equity Securities
+Added: The returns shown are based on historical results and are not intended to be indicative of future performance.
+Added: Purchase of Equity Securities by the Issuer
The following table contains information relating to the repurchases of our common stock made by us in the three months ended December 31, 2023:
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October 1 - October 31, 2023
+Added: 3,804,287 $ 5.47 3,804,287 67,271,767
November 1 - November 30, 2023
+Added: 4,091,046 $ 5.72 4,091,046 43,858,299
December 1 - December 31, 2023
+Added: 1,779,177 $ 6.53 1,779,177 32,244,882
Total 9,674,510 9,674,510
−Removed: (1) Represents share repurchased as part of a publicly announced program and shares of unvested common stock previously issued upon early exercise of unvested stock options that were repurchased by us from former employees upon their termination in accordance with the terms of their stock option agreements.
−Removed: We purchased the shares from the former employees at the respective original exercise prices.
−Removed: (2) On September 14, 2022, our board of directors authorized a share repurchase program of up to $100 million of our Class A common stock beginning September 15, 2022.
−Removed: Under the repurchase program, we were authorized to repurchase shares through open market purchases, in privately negotiated transactions or by other means, in accordance with applicable federal securities laws, including through trading plans under Rule 10b5-1 of the Exchange Act.
+Added: (1) On May 8, 2023, our board of directors authorized a share repurchase program of up to $200 million of our Class A common stock beginning May 11, 2023.
+Added: Under the repurchase program, we are authorized to repurchase shares through open market purchases, in privately negotiated transactions or by other means, in accordance with applicable federal securities laws, including through trading plans under Rule 10b5-1 of the Exchange Act.
The share repurchase program has no set expiration date.
Use of Proceeds
−Removed: On June 11, 2021, we closed our initial public offering, or the IPO, of 52,272,727 shares of our Class A common stock at an offering price of $27.00 per share, including 6,818,181 shares pursuant to the exercise of the underwriters’ option to purchase additional shares of our Class A common stock, resulting in aggregate net proceeds to us of $1.3 billion after deducting underwriting discounts and commissions of $91.6 million, and offering costs of $7.5 million.
+Added: On June 11, 2021, we closed our IPO, of 52,272,727 shares of our Class A common stock at an offering price of $27.00 per share, including 6,818,181 shares pursuant to the exercise of the underwriters’ option to purchase additional shares of our Class A common stock, resulting in aggregate net proceeds to us of $1.3 billion after deducting underwriting discounts and commissions of $91.6 million, and offering costs of $7.5 million.
All of the shares issued and sold in our IPO were registered under the Securities Act pursuant to a registration statement on Form S-1 (File No.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.