secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2021-09-22T23:59:59+00:00
Accession:  0001193125-21-279391
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000119312521279391/0001193125-21-279391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000119312521279391/d196184d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-279391

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