secwatch.observer — SEC 8-K summary
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Issuer:     nCino, Inc. (NCNO)
CIK:        0001902733
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0001902733-25-000070
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

nCino announces ~7% workforce reduction, expects $7.5-9M in charges
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- Workforce reduction of ~7% and office space reductions announced on May 27, 2025.
- Expects $7.5-9.0M in charges in Q2 FY2026, including $1.0M non-cash asset disposal charges.
- Cash payments for severance, benefits, and lease exit fees to be substantially complete in Q2 FY2026.
- Company will exclude these charges from non-GAAP financial measures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902733/000190273325000070/0001902733-25-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902733/000190273325000070/ncno-20250527.htm
  HTML page:      https://secwatch.observer/filing/0001902733-25-000070

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