secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0000950170-25-003813
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigCommerce subleases 65,000 sq ft Austin office from Expedia for new HQ; 6-year term, $8.3M net rent
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- Sublease with Expedia for ~65,000 sq ft at Domain 11 in Austin, effective Jan 3, 2025.
- Net rent approx $8.3M over 6-year term; cash security deposit of ~$0.3M.
- Commencement expected Oct 1, 2025; company plans to relocate principal executive office there.
- Sublease is part of Nov 2024 restructuring and early lease termination of prior HQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017025003813/0000950170-25-003813-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017025003813/bigc-20250103.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-003813

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer