Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 141

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part II, Item 2
Chunk 141
---
Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

During the three months ended March 31, 2025, we issued an aggregate of 813,782 shares, of Class A common stock in exchange for an equivalent number of shares of Class B common stock and Common Units pursuant to the terms of the i3 Verticals, LLC Limited Liability Company Agreement. These shares were issued in reliance on an exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933. 

Issuer Purchases of  Equity Securities

The following table provides information with respect to purchases of shares of the Company’s Class A Common Stock made during the three months ended March 31, 2025 on behalf of the Company:

ISSUER PURCHASES OF EQUITY SECURITIESPeriod(a)Total Number of Shares (or Units) PurchasedAverage Price Paid per Share (or Unit)(a)Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs(a)Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs1/1/2025 - 1/31/202513,370 $22.99 13,370 $38,519 2/1/2025 - 2/28/2025— $— — $38,519 3/1/2025 - 3/31/2025— $— — $38,519 Total13,370 $22.99 13,370 $38,519 

__________________________

a.On August 8, 2024, the Company announced that its Board of Directors had approved a new share repurchase program for up to $50.0 million of outstanding shares of Class A common stock. The Share Repurchase Program will terminate on the earlier of August 8, 2025, or when the maximum dollar amount under the Share Repurchase Program has been expended. 

During the three months ended March 31, 2025, the Company purchased 13,370 of its outstanding shares of Class A common stock at an average price of $22.99 for a total cost of $0.4 million. When the Company repurchases shares of Common Stock, the amount paid to repurchase the shares in excess of the par or stated value is allocated to additional paid-in-capital unless subject to limitation