{"schema_version":"secwatch.filing_event.v1","accession":"0001728688-24-000079","form_type":"8-K","ticker":"IIIV","cik":"0001728688","company_name":"i3 Verticals, Inc.","filed_at":"2024-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.773291+00:00","generated_at":"2026-06-01T01:40:49.479490+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"i3 Verticals to sell merchant of record payments business to Payroc for $440M cash","bullets":["Purchase price of $440M in cash for merchant of record payments business and proprietary technology.","Closing expected in i3's fiscal Q4 2024 (quarter ending Sept 30, 2024), subject to HSR and other conditions.","Proceeds to pay down almost all of its 2023 Senior Secured Credit Facility; borrowing rate to fall 1%.","Remaining business becomes pure vertical software focused on Public Sector, Education, and Healthcare.","i3 retains payment facilitation platform and ability to attach payments to its vertical software solutions."],"urls":{"canonical":"https://secwatch.observer/filing/0001728688-24-000079","json":"https://secwatch.observer/filing/0001728688-24-000079.json","markdown":"https://secwatch.observer/filing/0001728688-24-000079.md","text":"https://secwatch.observer/filing/0001728688-24-000079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1728688/000172868824000079/0001728688-24-000079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1728688/000172868824000079/iiiv-20240626.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T01:40:49.479490+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"}