{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-285349","form_type":"8-K","ticker":null,"cik":"0001169652","company_name":"CHANNELADVISOR CORP","filed_at":"2022-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.799569+00:00","generated_at":"2026-06-21T18:06:00.866330+00:00","sec_items":["1.02","2.01","3.01","3.03","5.01","5.02","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"CommerceHub completes ChannelAdvisor acquisition for $23.10/share; shares delisted","bullets":["Acquisition price: $23.10 per share in cash; no stock component.","Combined company serves over 18,000 customers with over $50B in annual GMV.","ChannelAdvisor shares delisted from NYSE effective November 15, 2022.","All prior directors and officers replaced; new board and officers appointed by CommerceHub.","Credit agreement with HSBC terminated in connection with the merger."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-285349","json":"https://secwatch.observer/filing/0001193125-22-285349.json","markdown":"https://secwatch.observer/filing/0001193125-22-285349.md","text":"https://secwatch.observer/filing/0001193125-22-285349.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/d419116d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T18:06:00.866330+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2119e5cb01","claim":"David J. Spitz departed as Director at CHANNELADVISOR CORP.","evidence_excerpt":"Pursuant to the Merger Agreement, effective as of, and contingent upon, the occurrence of the closing of the Merger (the “Closing”), each of Timothy J. Buckley, Joseph L. Cowan, Janet R. Cowell, Linda Crawford, Marshall A. Heinberg, Himanshu S. Palsule, David J. Spitz, Timothy V. Williams, and M. Scot Wingo ceased serving as a member of the board of directors of the Company and each committee thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5c352b95c7","claim":"Linda Crawford departed as Director at CHANNELADVISOR CORP.","evidence_excerpt":"Pursuant to the Merger Agreement, effective as of, and contingent upon, the occurrence of the closing of the Merger (the “Closing”), each of Timothy J. Buckley, Joseph L. Cowan, Janet R. Cowell, Linda Crawford, Marshall A. Heinberg, Himanshu S. Palsule, David J. Spitz, Timothy V. Williams, and M. Scot Wingo ceased serving as a member of the board of directors of the Company and each committee thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"617b0446db","claim":"Himanshu S. Palsule departed as Director at CHANNELADVISOR CORP.","evidence_excerpt":"Pursuant to the Merger Agreement, effective as of, and contingent upon, the occurrence of the closing of the Merger (the “Closing”), each of Timothy J. Buckley, Joseph L. Cowan, Janet R. Cowell, Linda Crawford, Marshall A. Heinberg, Himanshu S. Palsule, David J. Spitz, Timothy V. Williams, and M. Scot Wingo ceased serving as a member of the board of directors of the Company and each committee thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6698c2a790","claim":"Marshall A. Heinberg departed as Director at CHANNELADVISOR CORP.","evidence_excerpt":"Pursuant to the Merger Agreement, effective as of, and contingent upon, the occurrence of the closing of the Merger (the “Closing”), each of Timothy J. Buckley, Joseph L. Cowan, Janet R. Cowell, Linda Crawford, Marshall A. Heinberg, Himanshu S. Palsule, David J. Spitz, Timothy V. Williams, and M. Scot Wingo ceased serving as a member of the board of directors of the Company and each committee thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"75a1a63fe1","claim":"Timothy V. Williams departed as Director at CHANNELADVISOR CORP.","evidence_excerpt":"Pursuant to the Merger Agreement, effective as of, and contingent upon, the occurrence of the closing of the Merger (the “Closing”), each of Timothy J. Buckley, Joseph L. Cowan, Janet R. Cowell, Linda Crawford, Marshall A. Heinberg, Himanshu S. Palsule, David J. Spitz, Timothy V. Williams, and M. Scot Wingo ceased serving as a member of the board of directors of the Company and each committee thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"b3ff82e415","claim":"M. Scot Wingo departed as Director at CHANNELADVISOR CORP.","evidence_excerpt":"Pursuant to the Merger Agreement, effective as of, and contingent upon, the occurrence of the closing of the Merger (the “Closing”), each of Timothy J. Buckley, Joseph L. Cowan, Janet R. Cowell, Linda Crawford, Marshall A. Heinberg, Himanshu S. Palsule, David J. Spitz, Timothy V. Williams, and M. Scot Wingo ceased serving as a member of the board of directors of the Company and each committee thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"cc849dc576","claim":"Joseph L. Cowan departed as Director at CHANNELADVISOR CORP.","evidence_excerpt":"Pursuant to the Merger Agreement, effective as of, and contingent upon, the occurrence of the closing of the Merger (the “Closing”), each of Timothy J. Buckley, Joseph L. Cowan, Janet R. Cowell, Linda Crawford, Marshall A. Heinberg, Himanshu S. Palsule, David J. Spitz, Timothy V. Williams, and M. Scot Wingo ceased serving as a member of the board of directors of the Company and each committee thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d5a88ee2ad","claim":"Timothy J. Buckley departed as Director at CHANNELADVISOR CORP.","evidence_excerpt":"Pursuant to the Merger Agreement, effective as of, and contingent upon, the occurrence of the closing of the Merger (the “Closing”), each of Timothy J. Buckley, Joseph L. Cowan, Janet R. Cowell, Linda Crawford, Marshall A. Heinberg, Himanshu S. Palsule, David J. Spitz, Timothy V. Williams, and M. Scot Wingo ceased serving as a member of the board of directors of the Company and each committee thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ec3b6e9ed7","claim":"Janet R. Cowell departed as Director at CHANNELADVISOR CORP.","evidence_excerpt":"Pursuant to the Merger Agreement, effective as of, and contingent upon, the occurrence of the closing of the Merger (the “Closing”), each of Timothy J. Buckley, Joseph L. Cowan, Janet R. Cowell, Linda Crawford, Marshall A. Heinberg, Himanshu S. Palsule, David J. Spitz, Timothy V. Williams, and M. Scot Wingo ceased serving as a member of the board of directors of the Company and each committee thereof.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased serving"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"209de30555d7914d24c831634e6e5372921d0a24","claim":"CHANNELADVISOR CORP underwent a change of control involving CommerceHub, Inc. for $23.10 in cash (closed 2022-11-15).","evidence_excerpt":"of the Effective Time, had neither effectively withdrawn nor lost their rights to such appraisal and payment under the DGCL) was canceled and converted into the right to receive $23.10 in cash, without interest thereon (the “Merger Consideration”), subject to any withholding of taxes required by applicable law; (ii) option to purchase Shares (each, a “Company","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"CommerceHub, Inc."},{"label":"Consideration","value":"$23.10 in cash"},{"label":"Closing","value":"2022-11-15"}],"fact_type":"ma_transaction"},{"claim_id":"65f07fe4eb8db194a5ead7ab17f0cf1aaae8c410","claim":"CHANNELADVISOR CORP terminated a credit facility with HSBC Bank USA, N.A..","evidence_excerpt":"the Company terminated that certain credit agreement, dated as of August 5, 2020, by and between the Company, as Borrower, and HSBC Bank USA, N.A., as Lender, including the release of all guarantees and liens related thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"HSBC Bank USA, N.A."}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}