secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0001728688-23-000051
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868823000051/0001728688-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868823000051/iiiv-20231222.htm
  HTML page:      https://secwatch.observer/filing/0001728688-23-000051

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