AVDX AvidXchange Holdings Inc

AvidXchange has launched Accounts Payable (AP) as a Service, enabling ERP providers to offer fully integrated AP and payment solutions directly within their platforms. This service, leveraging AI-enhanced automation and AvidXchange's network of over 1.3 million suppliers, simplifies the AP process for mid-market businesses. It aims to provide a seamless, in-platform experience for customers, reducing setup time and accelerating supplier adoption.

AvidXchange Holdings, Inc. (NasdaqGS: AVDX) has been removed from the S&P TMI Index. This announcement follows closely on the heels of the company also being dropped from the S&P Global BMI Index. The news is part of a series of recent financial updates for AvidXchange, including an acquisition by TPG Capital, L.P. and Corpay, Inc.

AvidXchange Holdings, Inc. (AVDX) reported an insider transaction where a director disposed of 65,904 shares of Common Stock on October 15, 2025, due to a merger becoming effective. Each outstanding share was converted into the right to receive $10.00 in cash, resulting in the reporting person owning 0 shares post-transaction. Unvested restricted stock units were also converted into cash awards based on the $10.00 merger consideration.

AvidXchange Holdings, Inc. director James E. Hausman reported merger-related share dispositions via a Form 4 filing. As part of a merger where Arrow Merger Sub 2025, Inc. merged into AvidXchange, each outstanding share of common stock was converted into the right to receive $10.00 in cash. Hausman disposed of 2,131,148 directly held shares and 720,000 indirectly held shares through the Hausman Family Trust, resulting in zero holdings after the transaction.

A director at AvidXchange Holdings, Inc. (AVDX) reported on Form 4 the conversion of 40,276 shares of Common Stock into cash as part of a merger. Each outstanding share was converted into the right to receive $10.00 in cash, and the director beneficially owned 0 shares following the transaction. Unvested restricted stock units were also converted into cash awards based on the $10.00 per share merger consideration.

An insider at AvidXchange Holdings (AVDX), James Michael McGuire, disposed of 84,620 shares of common stock on October 15, 2025, in connection with the company's go-private merger. Each share was converted into $10.00 in cash, resulting in the insider holding 0 shares post-transaction. Unvested restricted stock units were also converted into cash awards based on the $10.00 per share merger consideration.