---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-089150"
form_type: "8-K"
ticker: null
cik: "0001118417"
company_name: "MODEL N, INC."
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:15:27.146678+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Model N to be acquired by Vista Equity Partners for $30/share, ~$1.25B

## Summary
- $30.00 per share all-cash consideration, valuing Model N at approximately $1.25 billion.
- Premium of ~23% over 30-day VWAP prior to sale process authorization; ~16% over recent VWAP.
- Expected to close mid-2024; subject to stockholder approval and HSR clearance.
- Upon close, Model N will become a privately held company; shares will no longer be listed.
- Board unanimously approved; cites challenges as a standalone public company as rationale.

## SEC filing metadata
- accession: 0001193125-24-089150
- form_type: 8-K
- cik: 0001118417
- company_name: MODEL N, INC.
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1118417/000119312524089150/0001193125-24-089150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1118417/000119312524089150/d766245d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-089150
- JSON: https://secwatch.observer/filing/0001193125-24-089150.json
- Plain text: https://secwatch.observer/filing/0001193125-24-089150.txt

## Key facts
- Material Agreements
  MODEL N, INC. entered into Agreement and Plan of Merger with Mountain Parent, LLC and Mountain Merger Sub, Inc. (effective 2024-04-07).
  - Action: entry
  - Agreement: merger
  - Counterparty: Mountain Parent, LLC and Mountain Merger Sub, Inc.
  - Effective: 2024-04-07
  source text: On April 7, 2024, Model N, Inc., a Delaware corporation (“Model N”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Mountain Parent, LLC, a Delaware limited liability company (“Parent”), and Mountain Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1118417/000119312524089150/0001193125-24-089150-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.