---
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"
generated_at: "2026-05-27T11:19:36.850267+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# i3 Verticals recapitalizes to reduce excess cash from tax distribution; increases ownership to 70.83%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728688-25-000017
- JSON: https://secwatch.observer/filing/0001728688-25-000017.json
- Plain text: https://secwatch.observer/filing/0001728688-25-000017.txt

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