BuybackMay 12, 2026, 04:27 PM
i3 Verticals Board Approves New $100M Share Buyback Program
AI Summary
i3 Verticals' Board of Directors approved a new share repurchase program authorizing the company to repurchase up to $100 million of its Class A common stock. This new program replaces a previous authorization that has been fully utilized. The program is set to terminate on May 11, 2027, or once the maximum amount has been expended, and allows for repurchases through various methods including open market transactions.
Key Highlights
- i3 Verticals' Board approved a new share repurchase program for up to $100 million.
- The program targets the Company's Class A common stock.
- This new authorization replaces a prior share repurchase program that has been fully expended.
- The program will terminate on May 11, 2027, or when the maximum dollar amount is expended.
- Repurchases may occur in the open market, through privately negotiated transactions, or Rule 10b5-1 plans.
- The program is subject to market conditions, liquidity, cash flow, and legal requirements.