Medallion Financial Corp Announces Preferred Stock Offering

What Happened Medallion Financial Corp (through a press release dated September 22, 2026) announced the launch of an offering of non‑cumulative perpetual preferred stock. The company furnished the press release under Item 7.01 (Regulation FD Disclosure) of Form 8‑K; a copy of the release is attached as Exhibit 99.1.

Key Details

• Announcement date: September 22, 2026.
• Security offered: non‑cumulative perpetual preferred stock (no maturity; missed dividends are non‑cumulative).
• Filing status: press release was furnished, not filed, under Regulation FD (Item 7.01).
• Exhibit: the press release is attached to the 8‑K as Exhibit 99.1 (listed in Item 9.01).

Why It Matters This filing notifies investors that the company is seeking to raise capital via preferred equity. The 8‑K does not include offering size, pricing, dividend rate, or use of proceeds — investors should look for follow‑on disclosures (prospectus, pricing notice, or additional 8‑Ks) for those material terms. Preferred shares are senior to common stock for dividends and liquidation but the “non‑cumulative” and “perpetual” features affect dividend rights and maturity, which investors should consider when assessing impact on capital structure.