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AI brief of an SEC Form 8-K · Five9 (FIVN)

Five9 agrees to buy AI firm Level AI for $325 million in cash

Neutral Impact 5 of 5 m&a

Five9 entered into a merger agreement on November 5, 2026, to acquire Level AI, with Level AI becoming a wholly owned subsidiary. The cash price is $325.0 million, subject to customary adjustments, and the company says the deal adds AI capabilities and a new way to reach enterprises. Completion depends on customary closing conditions, and the deal is expected to close in 2026.

Key points

  • Aggregate consideration is $325.0 million in cash, subject to adjustments for Level AI's cash, indebtedness, transaction expenses and net working capital at closing.
  • Stockholders of Level AI holding enough voting power to approve the deal have signed support agreements, so no further Level AI stockholder approval is required.
  • Either party may terminate if closing has not occurred by February 5, 2027; neither party must pay a termination fee.
  • Five9 says the deal is expected to close in 2026, and Centerview Partners LLC is its financial advisor.

The filing

CompanyFive9 (FIVN)
Form8-K, current report
Filed with the SECNov 5, 2026, 4:09 PM ET
Accession number0001288847-26-000141

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.