---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-000693"
form_type: "8-K"
ticker: "SPSC"
cik: "0001092699"
company_name: "SPS COMMERCE INC"
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T17:31:48.445890+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SPS Commerce acquires Carbon6 Technologies for ~$210M in cash and stock

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-000693
- form_type: 8-K
- ticker: SPSC
- cik: 0001092699
- company_name: SPS COMMERCE INC
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1092699/000119312525000693/0001193125-25-000693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1092699/000119312525000693/d875283d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-000693
- JSON: https://secwatch.observer/filing/0001193125-25-000693.json
- Plain text: https://secwatch.observer/filing/0001193125-25-000693.txt

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