Adyen issues 1.25% shares to online marketplace eBay exercising first tranche warrant

In 2018, eBay signed an agreement with Amsterdam-based fintech unicorn Adyen to become its main payments processing partner. As a part of the agreement, “eBay is entitled to acquire a fixed number of shares in a series of four tranches (each a “Tranche”) for cash, at a specified price per share upon the terms and conditions set forth in the warrant agreement.”