---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-093094"
form_type: "8-K"
ticker: "CMRC"
cik: "0001626450"
company_name: "Commerce.com, Inc."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T10:57:44.275080+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BigCommerce exchanges $161.2M of 0.25% convertible notes for $150M of 7.5% notes due 2028

## Summary
- Exchanged $161.2M of 0.25% notes due 2026 for $150M of 7.5% notes due 2028.
- New notes mature Oct 1, 2028; interest semi-annual at 7.5% starting Oct 1, 2024.
- Initial conversion price $16.00/share (62.5 shares per $1,000 principal).
- Issuer may redeem notes after Oct 7, 2026 if stock exceeds 130% of conversion price.
- Holders can force repurchase on Fundamental Change at principal plus accrued interest.

## SEC filing metadata
- accession: 0000950170-24-093094
- form_type: 8-K
- ticker: CMRC
- cik: 0001626450
- company_name: Commerce.com, Inc.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1626450/000095017024093094/0000950170-24-093094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1626450/000095017024093094/bigc-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-093094
- JSON: https://secwatch.observer/filing/0000950170-24-093094.json
- Plain text: https://secwatch.observer/filing/0000950170-24-093094.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.