{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-005519","form_type":"8-K","ticker":"VERX","cik":"0001806837","company_name":"Vertex, Inc.","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.225685+00:00","generated_at":"2026-06-03T09:49:27.073331+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Vertex prices upsized $300M 0.75% convertible notes due 2029 at ~$36.32 conversion price","bullets":["Upsized from $250M; initial purchasers have option to buy additional $45M.","Notes bear 0.750% interest semi-annually, mature May 1, 2029; conversion price ~$36.32/share (30% premium over $27.94 close).","Net proceeds ~$290M; ~$36.8M to fund capped call transactions; remainder for working capital and potential acquisitions.","Capped call transactions entered to reduce dilution; cap price initially $55.88/share.","Settlement expected April 26, 2024; redemption allowed on/after May 5, 2027 under certain conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-005519","json":"https://secwatch.observer/filing/0001558370-24-005519.json","markdown":"https://secwatch.observer/filing/0001558370-24-005519.md","text":"https://secwatch.observer/filing/0001558370-24-005519.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806837/000155837024005519/0001558370-24-005519-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806837/000155837024005519/verx-20240423x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T09:49:27.073331+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}