---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-154879"
form_type: "8-K"
ticker: "CMRC"
cik: "0001626450"
company_name: "Commerce.com, Inc."
filed_at: "2026-04-14T23:59:59+00:00"
generated_at: "2026-05-15T06:23:21.072865+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-154879
- form_type: 8-K
- ticker: CMRC
- cik: 0001626450
- company_name: Commerce.com, Inc.
- filed_at: 2026-04-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1626450/000119312526154879/0001193125-26-154879-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1626450/000119312526154879/d565968d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-154879
- JSON: https://secwatch.observer/filing/0001193125-26-154879.json
- Plain text: https://secwatch.observer/filing/0001193125-26-154879.txt

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