OPEN TEXT CORP 8-K

What Happened

• On May 11, 2026, Open Text Corporation filed an 8-K (Item 8.01) and issued a press release announcing it has completed the divestiture of Vertica, part of its non‑core Analytics portfolio, to Rocket Software Inc. The agreed consideration is US$150 million in cash (before taxes, fees and other adjustments).

Key Details

• Transaction closed: May 11, 2026 (announced via company press release attached as Exhibit 99.1).
• Buyer: Rocket Software Inc.
• Consideration: US$150 million cash, subject to taxes, fees and other customary adjustments.
• Asset sold: Vertica, identified by Open Text as part of its non‑core Analytics portfolio.

Why It Matters

• The sale removes Vertica from Open Text’s non‑core Analytics holdings and generates $150M of cash proceeds (subject to adjustments), which will affect the company’s asset mix and cash position. Investors should note this is a divestiture of a non‑core business — it may reduce related revenue and expenses going forward and simplify Open Text’s portfolio. The filing is informational; no additional financial details or uses of proceeds were provided in the 8‑K.