secwatch.observer — SEC 8-K summary
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Issuer:     SPS COMMERCE INC (SPSC)
CIK:        0001092699
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001193125-25-000693
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092699/000119312525000693/0001193125-25-000693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092699/000119312525000693/d875283d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-000693

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