---
schema_version: "secwatch.filing_event.v1"
accession: "0001677703-26-000077"
form_type: "8-K"
ticker: "CNDT"
cik: "0001677703"
company_name: "CONDUENT Inc"
filed_at: "2026-06-30T17:40:33+00:00"
generated_at: "2026-06-30T17:41:07.297935+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Conduent sells Tolling business to Quarterhill for $70M cash plus 7% equity stake

## Summary
- Purchase price $70M cash plus 7% of Quarterhill shares; Quarterhill assumes most liabilities including surety bonds.
- Transaction expected to close in Q4 2026, subject to regulatory approvals and customary conditions.
- Follows May 2026 agreement to sell Public Transit business; both moves simplify portfolio and focus on core.
- Tolling business processes over 14 million transactions daily across US and UK.
- Conduent receives board observer rights and registration rights for Quarterhill shares.

## SEC filing metadata
- accession: 0001677703-26-000077
- form_type: 8-K
- ticker: CNDT
- cik: 0001677703
- company_name: CONDUENT Inc
- filed_at: 2026-06-30T17:40:33+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677703/000167770326000077/0001677703-26-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677703/000167770326000077/cndt-20260629.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001677703-26-000077
- JSON: https://secwatch.observer/filing/0001677703-26-000077.json
- Plain text: https://secwatch.observer/filing/0001677703-26-000077.txt

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