secwatch.observer — SEC 8-K summary
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Issuer:     Paymentus Holdings, Inc. (PAY)
CIK:        0001841156
Form:       8-K
Filed at:   2021-08-13T23:59:59+00:00
Accession:  0000950170-21-001395
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paymentus acquires Payveris for $152.2M; expands Instant Payment Network to banks/credit unions
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- Total consideration $152.2M: ~$85.7M cash + ~$66.5M in Paymentus Class A common stock (44% stock, 56% cash).
- Payveris enables over 265 banks/credit unions to modernize bill pay, P2P/A2A money movement via cloud-based platform.
- Acquisition expected to close Q3 2021, subject to customary conditions; lock-up on shares until Nov 22, 2021.
- Separately entered stock purchase agreement to acquire Finovera for ~293,611 shares, expected close Q3 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841156/000095017021001395/0000950170-21-001395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841156/000095017021001395/pay-20210809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-001395

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer