# WELLS FARGO & COMPANY/MN (WFCNP) — capital_raise/private_placement [announced]
Source: sec.gov · situation sit_c05c6f758da27fb8c044 · public 1139533128483055316 · retrieved 2026-08-20T12:39:25.860Z

## Overview
Wells Fargo & Company is a Delaware-incorporated financial holding company and bank holding company that operates as a national commercial bank through Wells Fargo Bank, National Association.

Wells Fargo & Company sold 1,750,000 depositary shares on August 19, 2026, each representing a 1/25th interest in a share of the company's 6.55% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series HH. The depositary shares were priced at $1,000 per share to the public, with underwriters purchasing at $990 per share, generating gross proceeds of $1,750,000,000. The Series HH Preferred Stock has a liquidation preference of $25,000 per share and carries a fixed dividend rate of 6.55% through September 15, 2031, after which it resets annually based on the five-year Treasury rate plus 2.174%.

## Terms
- Counterparty: Wells Fargo Securities, LLC and other underwriters · Consideration: cash · Price/share: $1000

## Key dates
- Announced 2026-08-19

## Timeline
- 2026-08-19 · 8-K (0001193125-26-356890): 8-K - WELLS FARGO & COMPANY/MN — *Wells Fargo & Company is a Delaware-incorporated financial holding company and bank holding company that operates as a national commercial bank through Wells Fargo Bank, National Association.* Wells Fargo & Company sold 1,750,000 depositary shares on August 19, 2026, each representing a 1/25th interest in a share of the company's 6.55% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series HH. The depositary shares were priced at $1,000 per share to the public, with underwriters purchasing at $990 per share, generating gross proceeds of $1,750,000,000. The Series HH Preferred Stock has a liquidation preference of $25,000 per share and carries a fixed dividend rate of 6.55% through September 15, 2031, after which it resets annually based on the five-year Treasury rate plus 2.174%.
  https://www.sec.gov/Archives/edgar/data/72971/0001193125-26-356890.txt

## Citations
- 0001193125-26-356890 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526356890