The event took place on Saturday, February 4, 2023, at the Spectrum Center in Charlotte, North Carolina and aired via WWE's livestreaming platforms.

In the main event, Bron Breakker defeated Grayson Waller in a Steel Cage match to retain the NXT Championship.

In other prominent matches, Gallus (Mark Coffey and Wolfgang) defeated defending champions The New Day (Kofi Kingston and Xavier Woods), Pretty Deadly (Elton Prince and Kit Wilson), and Chase University (Andre Chase and Duke Hudson) in a fatal four-way tag team match to win the NXT Tag Team Championship, and Roxanne Perez defeated Gigi Dolin and Jacy Jayne in a triple threat match to retain the NXT Women's Championship.

[8] At New Year's Evil, Toxic Attraction members Gigi Dolin and Jacy Jayne were declared the co-winners of the battle royal after they simultaneously eliminated each other.

Waller was unable to make it back in the ring in time to beat the referee's ten count, thus Breakker retained by countout.

Later that night, NXT lead official Shawn Michaels announced that due to the issues with the ropes, a rematch would occur at Vengeance Day, this time as a Steel Cage match.

[10] At NXT: New Year's Evil, Dijak defeated Tony D'Angelo to become the number one contender to Lee's title and the match was scheduled for Vengeance Day.

[12] On the January 24 episode, during a segment in a barbershop, Crews challenged Hayes to a two out of three falls match at Vengeance Day, which was made official.

In the closing moments, Dijak attempted a moonsault, but Tony D'Angelo and Channing "Stacks" Lorenzo appeared, and took the bullet for Lee.

[17] In the next match, Kayden Carter and Katana Chance defended the NXT Women's Tag Team Championship against Fallon Henley and Kiana James (accompanied by Josh Briggs and Brooks Jensen).

The second fall came after the returning Dabba-Kato distracted Apollo, allowing Hayes to perform the Nothing But Net to score a sweeping 2-0 win.

After the match, Kato acted like he was helping Apollo to his feet, but instead dragged him into a headbutt and performed the Sky High onto a steel chair.

[17] In the fourth match, The New Day (Kofi Kingston and Xavier Woods) defended the NXT Tag Team Championship against Pretty Deadly (Kit Wilson and Elton Prince), Gallus (Mark Coffey and Wolfgang), and Chase University (Andre Chase and Duke Hudson) (accompanied by Thea Hail) in a fatal four-way tag team match.

In the end, Dolin was thrown through a table and Jayne suffered a top-rope Pop Rocks to secure the win for Perez.

[17] In the main event, Bron Breakker defended the NXT Championship against Grayson Waller in a Steel Cage match.

[20] Footage was shown of Grayson Waller storming into Shawn Michaels' office after Vengeance Day, resulting in him being suspended for a week.

[22] After they failed to defeat Roxanne Perez for the NXT Women's Championship, Gigi Dolin and Jacy Jayne were guests on Bayley's talk show, "Ding Dong, Hello!".