Procore to acquire Levelset for ~$500M to add lien management

PROCORE TECHNOLOGIES, INC.

Purchase price of ~$500M: $425M cash plus ~$75M in Procore common stock; closing expected Q4 2021.
Levelset provides lien rights management software with over 250,000 users and 6.5M projects.
Acquisition adds compliance workflow and payment process tools to the Procore platform.
Levelset has been a Procore App Marketplace partner since 2018; over 3,300 customers use its solution.
Shares issued under Section 4(a)(2) exemption as unregistered securities.

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