SPS Commerce Expands with Acquisition of SupplyPike

SPS Commerce (SPSC) has shared an announcement.

On July 31, 2024, SPS Commerce, Inc. completed the acquisition of SupplyPike, Inc. for roughly $206 million, combining cash and stock payments. As part of the deal, accredited investor stockholders from SupplyPike were given over 400,000 shares in SPS Commerce. The transaction, facilitated through a Registration Rights and Lock-Up Agreement, was exempt from typical security registration requirements. The following day, the company publicly announced the acquisition.

For detailed information about SPSC stock, go to TipRanks’ Stock Analysis page.