Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 42

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 4
Chunk 42
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, including the transition services agreement and the restrictive covenant agreement. In addition, pursuant to the Healthcare RCM Purchase Agreement, we agreed to indemnify Infinx with respect to certain matters, which could result in liability to us following the closing. Further, we are now highly dependent on the success of our remaining Public Sector business.

Due to the effects of discontinued operations for the Healthcare RCM Business, the Company’s historical statements of operations included in prior periodic reports are not be comparable to the Company’s condensed consolidated statements of operations included in this Quarterly Report on Form 10-Q and will not be comparable to the Company's condensed consolidated statements of operations included in future periodic reports.

The condensed consolidated statements of operations of the Company included in this Quarterly Report on Form 10-Q reflect the results of the Healthcare RCM Business in discontinued operations. The condensed consolidated balance sheets contained in this Quarterly Report on Form 10-Q include assets of continuing operations as well as the assets of the Healthcare RCM Business, and the Company’s condensed consolidated statements of cash flows include the cash flows of both the continuing and discontinued operations of the Company (including the results of the Healthcare RCM Business) for the periods presented. The Company’s historical condensed consolidated statements of operations included in prior periodic reports do not reflect reporting of discontinued operations for the Healthcare RCM Business. Accordingly, such historical condensed consolidated statements of operations included in prior periodic reports are not comparable to the condensed consolidated statements of operations included in this Quarterly Report on Form 10-Q or to the condensed consolidated statements of operations which will be included in future periodic reports of the Company.

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Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

During the three months ended June 30, 2025, we issued an aggregate of 368,857 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 June 30, 2025 by the Company:

ISSUER PURCHASES OF EQUITY SECURITIESPeriod(a)Total Number of Shares (or Units) PurchasedAverage Price Paid per Share (or Unit)(a