i3 Verticals Completes Sale of Merchant Services Business
i3 Verticals, Inc. (IIIV)
Last i3 verticals, inc. earnings: 2/10 04:30 pm
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Source: Business Wire
Announces Chief Financial Officer Transition and Appointment of Chief Strategy Officer NASHVILLE, Tenn.--(BUSINESS WIRE)--i3 Verticals, Inc. (“i3 Verticals” or the “Company”) (NASDAQ: IIIV), and Payroc WorldAccess, LLC (“Payroc”), a leading omni-channel payments provider, today announced the closing of the previously announced sale of i3 Verticals’ merchant services business, including its associated proprietary technology, to Payroc. The purchase price paid at closing to the Company was approximately $438 million in cash (after giving effect to estimated purchase price adjustments), subject to post-closing purchase price adjustments.Greg Daily, Chairman and CEO of i3 Verticals stated, “This completed transaction marks a significant moment for our company. Following this divestiture, i3 Verticals is a vertical market software business focused solely on the Public Sector (including Education) and Healthcare verticals. We are confident that our valued employees have found a wonderful
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News
- i3 Verticals Inc (IIIV) Q4 2024 Earnings Call Highlights: Steady Growth Amidst Strategic Shifts [Yahoo! Finance]Yahoo! Finance
- i3 Verticals, Inc. (NASDAQ: IIIV) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $29.00 price target on the stock.MarketBeat
- i3 Verticals, Inc. (NASDAQ: IIIV) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $33.00 price target on the stock.MarketBeat
- i3 Verticals Reports Fourth Quarter and Full Fiscal Year 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- i3 Verticals Reports Fourth Quarter and Full Fiscal Year 2024 Financial ResultsBusiness Wire
IIIV
Earnings
- 11/18/24 - Beat
IIIV
Sec Filings
- 11/19/24 - Form 8-K
- 11/14/24 - Form SC
- 9/23/24 - Form 4
- IIIV's page on the SEC website