---
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"
generated_at: "2026-06-21T18:06:00.866330+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# CommerceHub completes ChannelAdvisor acquisition for $23.10/share; shares delisted

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-285349
- form_type: 8-K
- cik: 0001169652
- company_name: CHANNELADVISOR CORP
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-285349
- JSON: https://secwatch.observer/filing/0001193125-22-285349.json
- Plain text: https://secwatch.observer/filing/0001193125-22-285349.txt

## Key facts
- Executive change
  David J. Spitz departed as Director at CHANNELADVISOR CORP.
  - Action: ceased serving
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm
- Executive change
  Linda Crawford departed as Director at CHANNELADVISOR CORP.
  - Action: ceased serving
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm
- Executive change
  Himanshu S. Palsule departed as Director at CHANNELADVISOR CORP.
  - Action: ceased serving
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm
- Executive change
  Marshall A. Heinberg departed as Director at CHANNELADVISOR CORP.
  - Action: ceased serving
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm
- Executive change
  Timothy V. Williams departed as Director at CHANNELADVISOR CORP.
  - Action: ceased serving
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm
- Executive change
  M. Scot Wingo departed as Director at CHANNELADVISOR CORP.
  - Action: ceased serving
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm
- Executive change
  Joseph L. Cowan departed as Director at CHANNELADVISOR CORP.
  - Action: ceased serving
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm
- Executive change
  Timothy J. Buckley departed as Director at CHANNELADVISOR CORP.
  - Action: ceased serving
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm
- Executive change
  Janet R. Cowell departed as Director at CHANNELADVISOR CORP.
  - Action: ceased serving
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm
- M&A Transactions
  CHANNELADVISOR CORP underwent a change of control involving CommerceHub, Inc. for $23.10 in cash (closed 2022-11-15).
  - Action: change of control
  - Counterparty: CommerceHub, Inc.
  - Consideration: $23.10 in cash
  - Closing: 2022-11-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm
- Material Agreements
  CHANNELADVISOR CORP terminated a credit facility with HSBC Bank USA, N.A..
  - Action: termination
  - Agreement: credit facility
  - Counterparty: HSBC Bank USA, N.A.
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1169652/000119312522285349/0001193125-22-285349-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.