secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2026-05-12T20:15:16+00:00
Accession:  0001193125-26-219472
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Marchex to acquire Archenia for $10M in convertible notes plus earn-out shares
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- Base consideration: $10M in convertible promissory notes at 6% interest, payable in three equal tranches at 12, 18, and 24 months post-close.
- Notes convertible into Marchex Class B common stock at $1.80 per share.
- Earn-out: up to 2M shares for each of first two 12-month periods if Archenia meets revenue/EBITDA growth and integration/customer retention targets.
- Transaction is a related-party deal; Special Committee approved after fairness opinion from Craig-Hallum Capital Group.
- Closing requires majority of disinterested stockholders; expected early Q3 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000119312526219472/0001193125-26-219472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000119312526219472/mchx-20260508.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-219472

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