AcquisitionsApr 7, 2026, 05:21 PM
Capital One Completes Brex Acquisition for $2.56 Billion Cash and 10.65 Million Shares
AI Summary
Capital One Financial Corporation (COF) announced the completion of its previously disclosed acquisition of Brex Inc. on April 7, 2026. The transaction, initially agreed upon on January 22, 2026, involved a total consideration comprising approximately $2.56 billion in cash and the issuance of 10,646,306 shares of Capital One common stock. This strategic acquisition is expected to expand Capital One's market presence and capabilities, particularly in areas where Brex operates, reinforcing the company's growth initiatives. The cash payment is subject to customary post-closing adjustments.
Key Highlights
- Capital One Financial Corporation (COF) completed its acquisition of Brex Inc. on April 7, 2026.
- The acquisition was executed under an Agreement and Plan of Merger and Reorganization dated January 22, 2026.
- The consideration for the acquisition included approximately $2.56 billion in cash.
- Capital One also issued 10,646,306 shares of its common stock as part of the consideration.
- The cash payment amount is subject to customary post-closing adjustments.
- The stock consideration was issued in a transaction exempt from registration under the Securities Act of 1933.