secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001193125-23-068509
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

BigCommerce says less than 2% of $305M cash held at Silicon Valley Bank
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- As of March 10, 2023, BigCommerce held less than 2% of its cash and marketable securities in SVB and SVB UK accounts combined.
- Total cash, equivalents, restricted cash and marketable securities balance was $305.0 million as of December 31, 2022.
- The disclosure addresses investor concerns following the collapse of Silicon Valley Bank on March 10, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000119312523068509/0001193125-23-068509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000119312523068509/d466666d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-068509

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