Block Announces Ticker Symbol Change to XYZ; To Report Fourth Quarter Results
Block (NYSE: SQ) has announced it will change its ticker symbols from 'SQ' and 'SQ2' to 'XYZ' on both the New York Stock Exchange (NYSE) and Australian Securities Exchange (ASX). The change will be effective January 21, 2025, for NYSE and January 22, 2025, for ASX, reflecting the company's previous name change to Block and its ecosystem of brands including Cash App, Square, Afterpay, and TIDAL.
No action is required from shareholders regarding this change. The company's Class A common stock will maintain its NYSE listing, and CHESS Depository Interests (CDIs) will continue on ASX, with unchanged CUSIP and ISIN.
Additionally, Block will release its Q4 2024 financial results on February 20, 2025, after market close, followed by a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time.
Block (NYSE: SQ) ha annunciato che cambierà i suoi simboli di borsa da 'SQ' e 'SQ2' a 'XYZ' sia sulla Borsa di New York (NYSE) che sulla Borsa dei Valori Australiana (ASX). Il cambiamento sarà efficace dal 21 gennaio 2025 per il NYSE e dal 22 gennaio 2025 per l'ASX, riflettendo il cambio di nome dell'azienda in Block e il suo ecosistema di marchi, tra cui Cash App, Square, Afterpay e TIDAL.
Non è richiesta alcuna azione da parte degli azionisti riguardo a questo cambiamento. Le azioni comuni di Classe A dell'azienda manterranno la loro quotazione al NYSE, e gli Interessi di Deposito CHESS (CDIs) continueranno sull'ASX, con CUSIP e ISIN invariati.
Inoltre, Block pubblicherà i suoi risultati finanziari per il quarto trimestre 2024 il 20 febbraio 2025, dopo la chiusura del mercato, seguiti da una conferenza telefonica e da un webcast sugli utili alle 14:00 ora del Pacifico/17:00 ora dell'Est.
Block (NYSE: SQ) ha anunciado que cambiará sus símbolos de cotización de 'SQ' y 'SQ2' a 'XYZ' tanto en la Bolsa de Nueva York (NYSE) como en la Bolsa de Valores de Australia (ASX). El cambio entrará en vigor el 21 de enero de 2025 para NYSE y el 22 de enero de 2025 para ASX, reflejando el cambio de nombre anterior de la compañía a Block y su ecosistema de marcas que incluye Cash App, Square, Afterpay y TIDAL.
No se requiere ninguna acción por parte de los accionistas con respecto a este cambio. Las acciones comunes de Clase A de la empresa mantendrán su cotización en NYSE, y los Intereses de Depósito CHESS (CDIs) continuarán en ASX, con CUSIP e ISIN sin cambios.
Además, Block publicará sus resultados financieros del cuarto trimestre de 2024 el 20 de febrero de 2025, después del cierre del mercado, seguido de una conferencia telefónica y una transmisión por webcast de ganancias a las 2:00 p.m. hora del Pacífico/5:00 p.m. hora del Este.
Block (NYSE: SQ)는 'SQ'와 'SQ2'의 주식 기호를 'XYZ'로 변경한다고 발표했습니다. 이 변경은 뉴욕 증권 거래소(NYSE)와 호주 증권 거래소(ASX) 모두에서 적용됩니다. 변경 사항은 NYSE에서 2025년 1월 21일, ASX에서 2025년 1월 22일에 효력을 발생하며, 이는 Block으로의 이전 이름 변경과 Cash App, Square, Afterpay 및 TIDAL을 포함한 브랜드 생태계를 반영합니다.
주주들은 이 변경에 대해 아무런 조치를 취할 필요가 없습니다. 회사의 클래스 A 보통주는 NYSE 상장 지위를 유지하며, CHESS 예탁 증권(CDIs)은 ASX에서 계속 거래되며, CUSIP와 ISIN은 변경되지 않습니다.
추가로, Block은 2025년 2월 20일 시장이 닫힌 후 2024년 4분기 재무 결과를 발표하고 2:00 p.m. 태평양 표준시/5:00 p.m. 동부 표준시에 전화 회의 및 실적 웹캐스트를 진행할 것입니다.
Block (NYSE: SQ) a annoncé qu'il changera ses symboles boursiers de 'SQ' et 'SQ2' en 'XYZ' à la fois sur le New York Stock Exchange (NYSE) et l'Australian Securities Exchange (ASX). Le changement sera effectif le 21 janvier 2025 pour le NYSE et le 22 janvier 2025 pour l'ASX, reflétant le changement de nom précédent de l'entreprise en Block et son écosystème de marques, y compris Cash App, Square, Afterpay et TIDAL.
Aucune action de la part des actionnaires n'est requise concernant ce changement. Les actions ordinaires de classe A de l'entreprise conserveront leur cotation au NYSE, et les Intérêts de Dépôt CHESS (CDIs) continueront à être échangés sur l'ASX, sans changement de CUSIP et ISIN.
De plus, Block publiera ses résultats financiers pour le quatrième trimestre de 2024 le 20 février 2025, après la clôture du marché, suivis d'une conférence téléphonique et d'une webdiffusion des résultats à 14h00 heure du Pacifique/17h00 heure de l'Est.
Block (NYSE: SQ) hat angekündigt, dass die Tickersymbole von 'SQ' und 'SQ2' auf 'XYZ' an der New Yorker Börse (NYSE) und der Australian Securities Exchange (ASX) geändert werden. Die Änderung wird am 21. Januar 2025 für die NYSE und am 22. Januar 2025 für die ASX wirksam, was den vorherigen Namenswechsel der Gesellschaft zu Block und ihrem Markenökosystem, einschließlich Cash App, Square, Afterpay und TIDAL, widerspiegelt.
Von den Aktionären sind keine Maßnahmen in Bezug auf diese Änderung erforderlich. Die Stammaktien der Klasse A des Unternehmens behalten ihre NYSE-Notierung, und die CHESS Deposit Interests (CDIs) werden an der ASX weiterhin ohne Änderung von CUSIP und ISIN aufgeführt.
Zusätzlich wird Block am 20. Februar 2025 nach Marktschluss seine finanziellen Ergebnisse für das vierte Quartal 2024 veröffentlichen, gefolgt von einer Telefonkonferenz und einem Gewinn-Webcast um 14:00 Uhr Pazifischer Zeit/17:00 Uhr Ostzeit.
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Insights
The ticker symbol change from 'SQ' to 'XYZ' represents more than a superficial modification - it's the final step in Block's strategic rebranding journey that began with its name change from Square. This move aligns the company's market identity with its expanded ecosystem beyond just Square, encompassing Cash App, Afterpay and TIDAL.
The timing of this change, coordinated across both NYSE and ASX listings, demonstrates sophisticated global market coordination. While the ticker change itself doesn't affect underlying business operations or shareholder positions, it signals Block's evolution from a pure-play payments company to a diversified financial technology conglomerate. The retention of the same CUSIP and ISIN numbers ensures continuity in trading and clearing systems.
The upcoming Q4 earnings release will be particularly significant as the first presentation under the new ticker, likely to include detailed performance metrics across all major business segments. This could provide important insights into the success of Block's diversification strategy and the integration of its various platforms.
From a market mechanics perspective, ticker symbol changes can temporarily impact trading patterns due to algorithmic trading systems requiring updates and some retail investors potentially facing confusion. Historical precedent shows that major ticker changes often coincide with periods of increased trading volume and volatility as market participants adjust their systems and documentation.
The dual-listed nature of Block's shares adds complexity to this transition, requiring synchronized changes across different time zones and market systems. The two-day implementation window between NYSE (January 21) and ASX (January 22) appears designed to minimize potential trading disruptions. The unchanged CUSIP/ISIN numbers will help maintain institutional trading continuity, particularly for index funds and ETFs holding Block shares.
The scheduling of Q4 earnings release for February 20 provides adequate buffer time after the ticker transition, allowing for any technical issues to be resolved before this critical market event. This timing strategy demonstrates careful consideration of market dynamics and operational risk management.
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There is no action required by the company’s shareholders with respect to the ticker symbol change. The company’s Class A common stock will continue to be listed on the NYSE and the company’s CHESS Depository Interests (CDIs) will continue to be listed on the ASX. The CUSIP for the NYSE listing and the ISIN for the ASX listing will remain unchanged.
Webcast and Conference Information
Block also announced it will release financial results for the fourth quarter of 2024 on Thursday, February 20, 2025, after market close. The company will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call.
About Block
Block, Inc. (NYSE: SQ), builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square makes commerce and financial services accessible to sellers. Cash App is the easy way to spend, send, and store money. Afterpay is transforming the way customers manage their spending over time. TIDAL is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for bitcoin. Proto is a suite of bitcoin mining products and services. Together, we’re helping build a financial system that is open to everyone. Block.xyz
View source version on businesswire.com: https://www.businesswire.com/news/home/20250109826641/en/
Media Contact
press@block.xyz
Investor Relations Contact
ir@block.xyz
Source: Block, Inc.
FAQ
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