i3 Verticals, Inc. $87.8 Million Equity Offering

Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering of common stock by i3 Verticals, Inc. i3 Verticals, Inc. sold 3,737,500 shares of its common stock, including shares sold pursuant to the full exercise of the underwriters' option to purchase additional shares, for total gross proceeds of approximately $87.8 million. The common stock is listed on the Nasdaq Global Select Market under the symbol "IIIV."

Helping drive the convergence of software and payments, i3 Verticals delivers seamlessly integrated payment and software solutions to small- and medium-sized businesses and other organizations in strategic vertical markets, such as education, non-profit, public sector, property management and healthcare, and to the business-to-business payments market.

The Davis Polk corporate team included partner Shane Tintle and associates Johnathan M. Nixon and David Giron. The tax team included partner Michael Farber. All members of the Davis Polk team are based in the New York office.