secwatch.observer — SEC 8-K summary
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Issuer:     Concentrix Corp (CNXC)
CIK:        0001803599
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001803599-22-000092
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Concentrix to acquire ServiceSource for $1.50/share, ~$131M total
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- All-cash deal valued at ~$131M, including ~$20M net cash; $1.50/share price.
- Expected year-one contribution: ~$230M revenue and ~$38M adjusted EBITDA.
- Implied EV/EBITDA multiple ~3.5x based on expected year-one adjusted EBITDA.
- Closing expected in H2 FY2022, subject to ServiceSource shareholder and regulatory approvals.
- Edenbrook Capital and Archon Capital, owning ~31% of SREV shares, agreed to vote in favor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803599/000180359922000092/0001803599-22-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803599/000180359922000092/cnxc-20220509.htm
  HTML page:      https://secwatch.observer/filing/0001803599-22-000092

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