secwatch.observer — SEC 8-K summary
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Issuer:     nCino, Inc. (NCNO)
CIK:        0001902733
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001902733-24-000046
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

nCino acquires DocFox for $75M cash; amends credit facility
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- Acquired DocFox for $75M cash to extend commercial onboarding capabilities; deal expected to close March 2024.
- Amended credit facility with Bank of America: $100M revolver, matures March 2029, SOFR + 2.3125% margin.
- DocFox is a SaaS provider automating commercial onboarding; has 450+ customers across three continents.
- Financing for acquisition sourced from amended credit facility; existing cash also used.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902733/000190273324000046/0001902733-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902733/000190273324000046/ncno-20240317.htm
  HTML page:      https://secwatch.observer/filing/0001902733-24-000046

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