M&A
confidence high
sentiment neutral
materiality 0.75
SPS Commerce acquires Carbon6 Technologies for ~$210M in cash and stock
SPS COMMERCE INC
- Total consideration approximately $210 million, subject to customary purchase price adjustments.
- ~40% of purchase price to be paid in SPS Commerce common stock to Carbon6 stockholders.
- Stock issuance exempt from registration under Section 4(a)(2) of Securities Act and Canadian securities laws.
- Investors subject to lock-up: 50% for 30 days, remaining 50% for 90 days; max 20% per trading day.
- Closing subject to regulatory approvals and other customary conditions.