secwatch.observer — SEC 8-K summary
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Issuer:     nCino, Inc. (NCNO)
CIK:        0001902733
Form:       8-K12B
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0001193125-22-005239
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 3.03, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

nCino closes SimpleNexus acquisition for ~12.76M shares plus $270M cash
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- Acquisition completed Jan 7, 2022; total consideration approx 12.76M NCNO shares and $270M cash.
- SimpleNexus cloud-based homeownership software expected to expand nCino's mobile and point-of-sale capabilities.
- nCino expects SimpleNexus to contribute $3.6-$3.8M revenue for the quarter ending Jan 31, 2022.
- Board expanded from 3 to 8 directors; executive officers unchanged from pre-merger nCino OpCo.
- Company becomes successor issuer to nCino OpCo; shares continue trading under NCNO on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902733/000119312522005239/0001193125-22-005239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902733/000119312522005239/d246602d8k12b.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-005239

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