{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-048601","form_type":"8-K","ticker":"IBEX","cik":"0001720420","company_name":"IBEX Ltd","filed_at":"2024-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.356530+00:00","generated_at":"2026-05-29T22:02:02.654868+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IBEX repurchases 3.56M shares from controlling shareholder TRGI for $70M, exits controlled company status","bullets":["Repurchased 3,562,341 shares at $19.65 each from TRGI, representing ~20% of diluted shares outstanding.","Total consideration $70M: $45M cash plus $25M convertible promissory note bearing 7% annual interest.","Following repurchase, TRGI retains 1.8M shares; IBEX will no longer be a Nasdaq-controlled company.","Board to have majority independent directors; one TRGI director to resign by year-end, others serve until 2025 AGM.","Company holds 4-year call option to buy remaining TRGI shares upon change of control; existing share buyback program paused."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-048601","json":"https://secwatch.observer/filing/0001628280-24-048601.json","markdown":"https://secwatch.observer/filing/0001628280-24-048601.md","text":"https://secwatch.observer/filing/0001628280-24-048601.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1720420/000162828024048601/0001628280-24-048601-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1720420/000162828024048601/ibex-20241119.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T22:02:02.654868+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"}