CoreCard (CCRD) director disposes 9,812 shares in Euronet merger
CoreCard (CCRD) filed a Form 4 showing a merger-related share conversion.
Rhea-AI Filing Summary
CoreCard (CCRD) filed a Form 4 showing a merger-related share conversion. A director reported the disposition of 9,812 shares of CoreCard common stock on 10/30/2025 due to the closing of the merger with Euronet Worldwide. Each CoreCard share was converted into the right to receive 0.3142 shares of Euronet common stock, with cash paid in lieu of fractional shares.
Following the transaction, the reporting person held 0 CoreCard shares directly. CoreCard survives the merger as a wholly owned subsidiary of Euronet.
Positive
- None.
Negative
- None.
Insights
Form 4 reflects merger-close share conversion into Euronet stock.
This filing records a non-open market disposition tied to a completed merger. The director’s 9,812 CoreCard shares converted at an exchange ratio of 0.3142 Euronet shares per CoreCard share as of 10/30/2025, with cash for fractional shares.
The transaction indicates beneficial ownership of CoreCard common stock moved to 0 post-close, consistent with CoreCard becoming a wholly owned subsidiary of Euronet. Market impact depends on broader merger terms already set; this filing documents the individual’s conversion mechanics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common stock, par value $.01 per share | 9,812 | $0.00 | $0.00 |
Footnotes (1)
- F1. The shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among CoreCard Corporation ("Company"), Euronet Worldwide, Inc. ("Euronet"), and Genesis Merger Sub Inc., a wholly owned subsidiary of Euronet ("Merger Sub"). Pursuant to the Merger Agreement, on October 30, 2025, Merger Sub merged with and into Company (the "Merger"), with Company surviving the Merger as a wholly owned subsidiary of Euronet. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of Company's common stock, par value $0.01 per share ("Company Common Stock"), was converted into the right to receive 0.3142 shares of Euronet's common stock, par value $0.02 per share (the "Euronet Common Stock" and such ratio, the "Exchange Ratio") and cash payable in lieu of fractional shares (collectively, the "Per Share Merger Consideration"), as described in the Merger Agreement.
FAQ
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What did CoreCard (CCRD) disclose in this Form 4?
What is the reporting person’s CoreCard ownership after the transaction?
What happened to CoreCard after the merger?
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