{"schema_version":"secwatch.filing_event.v1","accession":"0001677703-24-000075","form_type":"8-K","ticker":"CNDT","cik":"0001677703","company_name":"CONDUENT Inc","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.541035+00:00","generated_at":"2026-06-03T02:59:42.997859+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Conduent completes sale of Curbside Management and Public Safety Solutions to Modaxo for $230M","bullets":["Total purchase price $230M; cash received $174M, plus $50M note receivable (discounted to $47M), $50M other receivables payable Q4 2024.","Sale completed April 30, 2024; aligns with strategy to focus on core capabilities and drive growth.","Proceeds alongside BenefitWallet transfer used to repay $130M and $334M in debt, respectively.","Unaudited pro forma shows net income of $52M for 2023 vs historical loss of $296M after removal.","Sale does not affect Road Usage Charging and Transit Solutions businesses."],"urls":{"canonical":"https://secwatch.observer/filing/0001677703-24-000075","json":"https://secwatch.observer/filing/0001677703-24-000075.json","markdown":"https://secwatch.observer/filing/0001677703-24-000075.md","text":"https://secwatch.observer/filing/0001677703-24-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677703/000167770324000075/0001677703-24-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677703/000167770324000075/cndt-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:59:42.997859+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":[{"claim_id":"1f217a18e162a34c11b8bb419e116ee6b826d066","claim":"CONDUENT Inc completed a disposition involving Modaxo Traffic Management USA Inc. for $230 million (closed 2024-04-30).","evidence_excerpt":"a definitive agreement with Modaxo Traffic Management USA Inc. (the \"Buyer\") to sell the Company's Curbside Management and Public Safety Solutions businesses (the \"Sale\") for $230 million (plus the assumption of certain indebtedness) (the \"Purchase Price\"), subject to customary purchase price adjustments. On April 30, 2024, the Sale was completed and the Company","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677703/000167770324000075/0001677703-24-000075-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Modaxo Traffic Management USA Inc."},{"label":"Consideration","value":"$230 million"},{"label":"Closing","value":"2024-04-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}