---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-050626"
form_type: "8-K"
ticker: "IDT"
cik: "0001005731"
company_name: "IDT CORP"
filed_at: "2021-09-29T23:59:59+00:00"
generated_at: "2026-06-29T00:35:36.519420+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# IDT's NRS subsidiary sells 2.5% minority stake to Alta Fox for $10M

## Summary
- NRS sold 862,442 Class B shares (2.5% fully diluted) to Alta Fox for $10M cash.
- NRS generated $21.2M revenue in trailing twelve months ended April 30, 2021; quarterly revenue up 123% YoY.
- IDT retains approximately 81% equity interest in NRS after the sale.
- Alta Fox implies enterprise value of over $400M for NRS based on the $10M investment.
- NRS operates POS platform for independent retailers; IDT sees expansion into adjacent markets.

## SEC filing metadata
- accession: 0001213900-21-050626
- form_type: 8-K
- ticker: IDT
- cik: 0001005731
- company_name: IDT CORP
- filed_at: 2021-09-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005731/000121390021050626/0001213900-21-050626-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005731/000121390021050626/ea148133-8k_idtcorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-050626
- JSON: https://secwatch.observer/filing/0001213900-21-050626.json
- Plain text: https://secwatch.observer/filing/0001213900-21-050626.txt

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