Every 8-K that AvidXchange Holdings, Inc. (AVDX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow AVDX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AVDX filings page.
AvidXchange Holdings (AVDX) completed its merger with affiliates of TPG, making AvidXchange a wholly owned subsidiary of Arrow Borrower 2025, Inc. Each outstanding share of common stock was converted into the right to receive $10.00 in cash, without interest and subject to withholding.
In connection with closing, AvidXchange entered into new secured credit facilities: a $440.0 million term loan with a seven-year maturity and a $60.0 million revolving credit facility, and repaid and terminated its KeyBank credit facility and two purchase money promissory notes. The company notified Nasdaq of its delisting; trading was suspended on October 15, 2025, and it intends to file Form 15 to terminate registration and suspend reporting obligations.
The board reconstituted as prior directors resigned in connection with the transaction, existing equity plans and the ESPP were terminated at the effective time, and a retention bonus program of approximately $3,000,000 was implemented, including $1,104,000 for Michael Praeger and other named officers as disclosed.
AvidXchange Holdings, Inc. reported that its stockholders held a special meeting to consider proposals under an Agreement and Plan of Merger dated May 6, 2025.
Under the Merger Agreement, Arrow Merger Sub 2025, Inc. will merge with and into AvidXchange, leaving the company as a wholly owned subsidiary of Arrow Borrower 2025, Inc., an affiliate of TPG Global, LLC. The filing also states that Corpay, Inc. will be a direct or indirect investor in Parent. The document describes corporate steps to effect the transaction but does not disclose consideration, closing conditions, or timing beyond the agreement date.