M&A - SPS COMMERCE INC

Form Type: 8-K/A

Filing Date: 2025-02-07

Corporate Action: Acquisition

Type: Update

Accession Number: 000119312525022267

Filing Summary: SPS Commerce, Inc. completed the acquisition of Carbon6 Technologies, Inc. on February 4, 2025. The acquisition was finalized through a combination of cash and share consideration totaling approximately $210 million. As part of the payment, 378,100 shares of common stock were issued to certain stockholders of Carbon6. Following the acquisition, a Registration Rights Agreement with the Investors allows them registration rights and imposes a 30-day and 90-day holding period for 50% of the common stock shares, respectively. A press release was issued on February 7, 2025, to announce the closing of the acquisition, further explaining the terms of the deal and the registration rights agreement.

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Form Type: 8-K

Filing Date: 2025-01-02

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525000693

Filing Summary: On December 30, 2024, SPS Commerce, Inc. entered into an Agreement and Plan of Merger to acquire Carbon6 Technologies, Inc. for approximately $210 million, involving a combination of cash and shares. At closing, around 40% of the purchase price will be paid in common stock of SPS Commerce. The acquisition is subject to customary closing conditions, including regulatory approvals. A Registration Rights and Lock-Up Agreement will be established to give Carbon6 investors registration rights for the shares received. A press release was issued on January 2, 2025, announcing this acquisition.

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