i3 Verticals, Inc. 8-K

What Happened i3 Verticals, Inc. announced on May 12, 2026 that its Board approved a new share repurchase program authorizing up to $100 million to buy back outstanding Class A common stock. The program replaces a prior repurchase authorization adopted February 5, 2026 that has been fully expended. The program may run until May 11, 2027 or until the $100 million authorization is used up and was disclosed in an 8-K signed by CFO Geoff Smith.

Key Details

• Authorized repurchase amount: up to $100,000,000 (exclusive of fees, commissions or related expenses).
• Program replaces the prior February 5, 2026 program, which had been fully expended.
• Termination: the earlier of May 11, 2027 or when the $100M authorization is exhausted.
• Repurchases may be made in the open market, via privately negotiated transactions, or under Rule 10b5-1 plans, and are subject to Rule 10b-18, liquidity, cash flow, credit facility covenants, and other legal requirements.

Why It Matters A $100M buyback gives i3 Verticals flexibility to reduce outstanding Class A shares, which can support earnings per share and total shareholder value if shares are repurchased. The company did not commit to a set pace or amount and may halt or change the program based on market conditions, cash needs, or contractual limits under its credit facility—so investors should view this as a discretionary capital-allocation tool rather than a guaranteed cash outflow.