secwatch.observer — SEC 8-K summary
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Issuer:     MODEL N, INC. (—)
CIK:        0001118417
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001193125-24-170493
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vista Equity Partners completes $1.25B acquisition of Model N at $30.00/share
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- Model N stockholders approved merger with 25,997,918 votes for, 4,306,792 against at June 25 special meeting.
- Each share of common stock converted into $30.00 cash; total equity value approx. $1.25 billion.
- Model N's common stock ceased trading and was delisted from NYSE on closing date June 27, 2024.
- All prior directors replaced by directors of Merger Sub; convertible notes terms adjusted to cash conversion.
- New $735M term loan, $80M revolver, and $150M delayed draw facility entered with OHA Agency LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1118417/000119312524170493/0001193125-24-170493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1118417/000119312524170493/d796513d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-170493

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