Commerce.com (CMRC) adopts rights plan to block Rezolve Ai's (RZLV) unsolicited bid at 47% discount

Commerce.com, Inc.

Rezolve Ai proposed exchanging 1 share for every 2 Commerce.com shares, implying a 47% discount based on $2.88 closing on April 7.
Board determined proposal significantly undervalues the company and does not warrant further engagement.
Rights plan triggers at 10% beneficial ownership (20% for passive institutional investors), exercise price $13.00, expires April 12, 2027.
One right per share distributed to holders of record on April 27, 2026; rights redeemable at $0.01 before a triggering event.
Plan is limited duration, designed to protect stockholder interests and ensure fair treatment in any takeover attempt.

item 1.01 item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Commerce.com, Inc. issued securities.

Exact text from the filing

On April 13, 2026, Commerce.com, Inc. (the “ Company ”) entered into a Rights Agreement between the Company and Equiniti Trust Company, LLC as Rights Agent (as amended from time to time, the “ Rights Agreement ”) that was previously approved by the Board of Directors of the Company.

View on SEC.gov

Browse all equity issuances →

Commerce.com, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-154879

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.