---
schema_version: "secwatch.filing_event.v1"
accession: "0001677703-26-000069"
form_type: "8-K"
ticker: "CNDT"
cik: "0001677703"
company_name: "CONDUENT Inc"
filed_at: "2026-05-21T21:27:53+00:00"
generated_at: "2026-05-21T21:34:35.130689+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Conduent sells Public Transit business to Modaxo for $164M; closing expected by end 2026

## Summary
- $164M purchase price; $10M one-year holdback and $12M special holdback for customer milestones.
- Expected closing before end 2026 subject to regulatory approvals and customary conditions.
- Sale includes Transit Fare Management and Fleet Management; Conduent retains Tolling business.
- CEO says deal advances strategy to simplify portfolio and strengthen balance sheet.
- Modaxo is a global transportation technology firm focused on moving people.

## SEC filing metadata
- accession: 0001677703-26-000069
- form_type: 8-K
- ticker: CNDT
- cik: 0001677703
- company_name: CONDUENT Inc
- filed_at: 2026-05-21T21:27:53+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677703/000167770326000069/0001677703-26-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677703/000167770326000069/cndt-20260521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001677703-26-000069
- JSON: https://secwatch.observer/filing/0001677703-26-000069.json
- Plain text: https://secwatch.observer/filing/0001677703-26-000069.txt

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