{"schema_version":"secwatch.filing_event.v1","accession":"0001677703-26-000123","form_type":"8-K","ticker":"CNDT","cik":"0001677703","company_name":"CONDUENT Inc","filed_at":"2026-10-06T18:25:59+00:00","discovered_at":"2026-10-06T18:27:00.255884+00:00","generated_at":"2026-10-12T16:25:36.169082+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Conduent closes $164M Public Transit sale to Modaxo; $125M net proceeds to repay revolver","bullets":["On Oct. 1, 2026, Conduent closed the sale of its Public Transit Business to Modaxo for a $164M base purchase price, receiving $140M cash at closing.","Buyer retained a $10M purchase-price holdback (up to one year), a $12M special holdback tied to former-customer target dates, and $2M other closing adjustments; $15M cash transferred to Buyer.","Net proceeds of $125M will repay the revolving credit facility; Conduent expects $3M transaction costs and $7M income taxes in Q4 2026; pro forma long-term debt drops to $572M from $697M.","Pro forma 2025 revenue is $2.671B versus $3.042B historical, removing $371M of Transit revenue; 2024 pro forma revenue is $3.015B versus $3.356B.","Sept. 30 amendment made Modaxo France sole buyer and deferred India assets to a later closing subject to Indian approval; Tolling sale to Quarterhill expected before end-2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001677703-26-000123","json":"https://secwatch.observer/filing/0001677703-26-000123.json","markdown":"https://secwatch.observer/filing/0001677703-26-000123.md","text":"https://secwatch.observer/filing/0001677703-26-000123.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677703/000167770326000123/0001677703-26-000123-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677703/000167770326000123/cndt-20260930.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T16:25:36.169082+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"}