---
schema_version: "secwatch.filing_event.v1"
accession: "0001728688-23-000051"
form_type: "8-K"
ticker: "IIIV"
cik: "0001728688"
company_name: "i3 Verticals, Inc."
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:06:33.092350+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# i3 Verticals to repurchase ~$90.8M of 1% exchangeable notes due 2025 for ~$87.5M cash

## Summary
- LLC will buy back ~$90.8M principal of 1.00% Exchangeable Senior Notes due 2025 for ~$87.5M cash, subject to price adjustment based on stock price.
- Repurchase will leave ~$26.2M principal outstanding; closing expected on or about January 18, 2024.
- In connection, company and LLC will terminate corresponding portions of convertible note hedge and warrant transactions with counterparties.
- Counterparties may sell shares of Class A common stock in secondary market or unwind derivatives, potentially affecting stock price.

## SEC filing metadata
- accession: 0001728688-23-000051
- form_type: 8-K
- ticker: IIIV
- cik: 0001728688
- company_name: i3 Verticals, Inc.
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728688/000172868823000051/0001728688-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728688/000172868823000051/iiiv-20231222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728688-23-000051
- JSON: https://secwatch.observer/filing/0001728688-23-000051.json
- Plain text: https://secwatch.observer/filing/0001728688-23-000051.txt

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