{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-125746","form_type":"8-K","ticker":"VERX","cik":"0001806837","company_name":"Vertex, Inc.","filed_at":"2023-12-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.557004+00:00","generated_at":"2026-06-07T13:35:02.557856+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Vertex launches SEK 5.8B public tender offer for Pagero; secures $491M investment from Silver Lake","bullets":["Tender offer at SEK 36 per share, a 71.4% premium to Pagero's Dec 12 closing price.","Acceptance period runs Dec 15, 2023 to Jan 23, 2024; settlement expected around Feb 1, 2024.","Silver Lake invests $491.25M for 500,000 shares of 11.75% Series A Convertible Preferred Stock plus warrants for 2.5M common shares.","Convertible preferred has initial liquidation preference of $1,000/share, conversion price set at 20% premium to VWAP (floor $32.50, cap $37.50).","Company also amended its credit agreement to increase pricing margin by 50 bps and modify covenants in connection with the acquisition."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-125746","json":"https://secwatch.observer/filing/0001104659-23-125746.json","markdown":"https://secwatch.observer/filing/0001104659-23-125746.md","text":"https://secwatch.observer/filing/0001104659-23-125746.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806837/000110465923125746/0001104659-23-125746-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806837/000110465923125746/tm2332761d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T13:35:02.557856+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cd09d1aa4da41451b733d922423ef4e82053475d","claim":"Vertex, Inc. entered into Investment Agreement with Silver Lake Alpine II, L.P. valued at Aggregate purchase price of $491,250,000 for 500,000 shares of 11.75% Series A Convertible Preferred (effective 2023-12-12).","evidence_excerpt":"On December 12, 2023, the Company and Silver Lake entered into an investment agreement (the \"Investment Agreement\") pursuant to which the Company has agreed to issue 500,000 shares of 11.75% Series A Convertible Preferred Stock (the \"Convertible Preferred Stock\") and warrants (the \"warrants\") to purchase 2,500,000 shares of the Company's Class A Common Stock, $0.001 par value per share (the \"Class A Common Stock\"), to Silver Lake for an aggregate purchase price of $491,250,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806837/000110465923125746/0001104659-23-125746-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Silver Lake Alpine II, L.P."},{"label":"Value","value":"Aggregate purchase price of $491,250,000 for 500,000 shares of 11.75% Series A Convertible Preferred"},{"label":"Effective","value":"2023-12-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}