---
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"
generated_at: "2026-06-03T09:49:27.073331+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Vertex prices upsized $300M 0.75% convertible notes due 2029 at ~$36.32 conversion price

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005519
- JSON: https://secwatch.observer/filing/0001558370-24-005519.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005519.txt

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