secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001193125-21-318401
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore completes acquisition of Levelset for $500M to add lien management platform
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- Acquisition totaled ~$500M: $425M cash plus ~$75M in 810,169 shares of Procore common stock.
- Levelset adds lien rights management to Procore's construction software platform.
- Procore CEO Tooey Courtemanche cites payment process improvement and complementary data assets.
- This acquisition follows Procore's purchase of LaborChart, expanding its construction dataset.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000119312521318401/0001193125-21-318401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000119312521318401/d232645d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-318401

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