secwatch.observer — SEC 8-K summary
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Issuer:     MODEL N, INC. (—)
CIK:        0001118417
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001193125-24-089150
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1118417/000119312524089150/0001193125-24-089150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1118417/000119312524089150/d766245d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-089150

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