M&A
confidence high
sentiment positive
materiality 0.65
SPS Commerce closes $210M acquisition of Carbon6 Technologies; issues 378,100 shares
SPS COMMERCE INC
- Total purchase price ~$210M in cash and stock; 378,100 SPSC shares issued as partial payment.
- Registration Rights and Lock-Up Agreement: 50% shares locked 30 days, remainder 90 days; max 20% daily sales.
- Carbon6 provides software tools for Amazon sellers, specializing in revenue recovery for 1P/3P suppliers.
- CEO Chad Collins says acquisition establishes SPS as a leading provider in the revenue recovery category.