1 unchanged sentence
Market Information
−Removed: On June 21, 2018, our Class A common stock began trading on the Nasdaq Global Select Market under the symbol “IIIV.”
+Added: On June 21, 2018, our Class A common stock began trading on the Nasdaq Global Select Market under the symbol “IIIV.” There is currently no established public trading market for our Class B common stock.
As of November 20, 2020, there were 98 stockholders of record of our Class A common stock.
16 unchanged sentences
September 30, 2019 $ 154.77 $ 108.25 $ 113.00
+Added: December 31, 2019 $ 217.31 $ 117.49 $ 128.82
+Added: March 31, 2020 $ 146.85 $ 93.99 $ 113.08
+Added: June 30, 2020 $ 232.69 $ 112.75 $ 147.12
+Added: September 30, 2020 $ 194.23 $ 122.30 $ 164.27
Sales of Unregistered Securities
−Removed: All sales of unregistered securities during the year ended September 30, 2019, have been previously disclosed in either a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.
+Added: In August and September 2020, we issued an aggregate of 3,500 and 487,500 shares, respectively, 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.
+Added: These shares were issued in reliance on an exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933.
+Added: All other sales of unregistered securities during the year ended September 30, 2020, have been previously disclosed in either a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.
Issuer Purchases of Equity Securities
7 unchanged sentences
Interchange and network fees (1)
+Added: 242,867 214,543 189,112 140,998
Other costs of services 47,230 44,237 40,314 28,798 21,934
4 unchanged sentences
(Benefit from) provision for income taxes (2,795) (177) 337 177 243
−Removed: Net income (loss) $ 563 $ (4,961) $ 902
+Added: Net (loss) income $ (979) $ 563 $ (4,961) $ 902 $ (2,093)
Net (loss) income per share of Class A common stock (2) :
2 unchanged sentences
____________________
+Added: Effective October 1, 2019, our revenues are presented net of interchange and network fees in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers .
+Added: See Note 2 to our consolidated financial statements for a description of the recently adopted accounting pronouncement.
Basic and diluted earnings per Class A common stock is presented only for the period after the Company’s Reorganization Transactions.
As such, net income used in the calculation for the year ended September 30, 2018, represents the net income attributable to Class A common stockholders for the period from June 25, the closing of our IPO, through September 30, 2018.
−Removed: Excludes 282,801 and 299,412 restricted Class A common stock units for the years ended September 30, 2019 and 2018, respectively.
−Removed: For the year ended September 30, 2019, all potentially dilutive securities were anti-dilutive, so diluted net loss per share was equivalent to basic net loss per share.
−Removed: The following securities were excluded from the weighted average effect of dilutive securities in the computation of diluted earnings per share of Class A common stock:
+Added: Excludes 204,969, 282,801 and 299,412 shares of restricted Class A common stock for the years ended September 30, 2020, 2019 and 2018, respectively.
+Added: For the years ended September 30, 2020 and 2019, the following securities were excluded from the weighted average effect of dilutive securities in the computation of diluted earnings per share of Class A common stock:
15,856,855 shares of weighted average Class B common stock for the year ended September 30, 2019, along with the reallocation of net income assuming conversion of these shares, were excluded because the effect would have been anti-dilutive,
−Removed: 626,500 stock options for the year ended September 30, 2019, were excluded because the exercise price of these stock options exceeded the average market price of our Class A common stock during the period (“out-of-the-money”) and the effect of including them would have been anti-dilutive, and
−Removed: 1,009,858 shares for the year ended September 30, 2019, resulting from estimated stock option exercises as calculated by the treasury stock method, and 282,801 restricted Class A common units for the year ended September 30, 2019 were excluded because the effect of including them would have been anti-dilutive.
+Added: 1,327,500 and 626,500 options to purchase shares of Class A common stock for the years ended September 30, 2020 and 2019, were excluded because the exercise price of these options exceeded the average market price of our Class A common stock during the period (“out-of-the-money”) and the effect of including them would have been anti-dilutive, and
+Added: 1,179,538 and 1,009,858 shares of Class A common stock for the years ended September 30, 2020 and 2019, resulting from estimated stock option exercises as calculated by the treasury stock method, and 204,969 and 282,801 shares of restricted Class A common stock for the years ended September 30, 2020 and 2019 were excluded because the effect of including them would have been anti-dilutive.
September 30,
13 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.