secwatch.observer — SEC 8-K summary
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Issuer:     nCino, Inc. (NCNO)
CIK:        0001902733
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001902733-24-000171
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

nCino signs definitive agreement to acquire FullCircl for $135M; new $250M credit facility
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- nCino entered $250M senior secured revolving credit facility with Bank of America, maturing Oct 28, 2029; used partly to fund acquisition.
- Acquiring FullCircl (Artesian Solutions) for $135M cash; $15M held as security for 2 years.
- Transaction expected to close on or about Nov 4, 2024.
- FullCircl provides Customer Lifecycle Intelligence CLI platform for B2B firms in regulated industries.
- nCino plans to provide financial impact update with its Q3 earnings release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902733/000190273324000171/0001902733-24-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902733/000190273324000171/ncno-20241028.htm
  HTML page:      https://secwatch.observer/filing/0001902733-24-000171

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