secwatch.observer — SEC 8-K summary
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Issuer:     Poshmark, Inc. (—)
CIK:        0001825480
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0001193125-23-002016
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Poshmark completes acquisition by NAVER for $17.90 per share in cash
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- Merger effective Jan 5, 2023; each share of POSH common stock converted into $17.90 cash.
- All outstanding vested and unvested stock options and RSUs cancelled and converted into cash consideration.
- POSH notified Nasdaq of merger completion; Class A common stock delisted and deregistration initiated.
- Board of directors, including CEO Manish Chandra and others, ceased to serve upon merger.
- Amended and restated certificate of incorporation and bylaws adopted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825480/000119312523002016/0001193125-23-002016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825480/000119312523002016/d415830d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-002016

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