{"schema_version":"secwatch.filing_event.v1","accession":"0001728688-25-000017","form_type":"8-K","ticker":"IIIV","cik":"0001728688","company_name":"i3 Verticals, Inc.","filed_at":"2025-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.641520+00:00","generated_at":"2026-05-27T11:19:36.850267+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"i3 Verticals recapitalizes to reduce excess cash from tax distribution; increases ownership to 70.83%","bullets":["Contributed ~$21.4M cash to i3 LLC for 896,763 new common units at $23.86/unit (50-day VWAP).","Reverse unit split at ~0.9631:1 maintained one-to-one ratio with Class A shares; 369,256 Class B shares retired without consideration.","Company's ownership of Common Units rose from ~70.05% to ~70.83%; Continuing Equity Owners fell to ~29.17%.","Recapitalization follows LLC tax distribution from September 2024 merchant services sale."],"urls":{"canonical":"https://secwatch.observer/filing/0001728688-25-000017","json":"https://secwatch.observer/filing/0001728688-25-000017.json","markdown":"https://secwatch.observer/filing/0001728688-25-000017.md","text":"https://secwatch.observer/filing/0001728688-25-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1728688/000172868825000017/0001728688-25-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1728688/000172868825000017/iiiv-20250124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T11:19:36.850267+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"}