- Why can’t I find a stock quote for ChannelAdvisor?
ChannelAdvisor was acquired by CommerceHub on November 15, 2022 and became a private company. As a private company, ChannelAdvisor is no longer listed or traded on the NYSE. In addition, ChannelAdvisor ceased to be an SEC reporting company.
- Why did CommerceHub buy ChannelAdvisor?
The combination of CommerceHub and ChannelAdvisor expands capabilities for brands and retailers:
- Brands will be able to manage their public and private marketplaces alongside their retailer connections with a single vendor, improving efficiency by unifying first-party, dropship, and third-party integrations.
- Retailers will be able to access an even larger pool of brands, with over 18,000 customers transacting more than $50 billion in gross merchandise value (GMV) and more than $500 million in digital marketing and retail media ad spend annually across the combined network.
- Companies across the network will be able to save on delivery costs and improve delivery experiences with Delivery Suite, and improve their consumer experience with Shoppable Media and Brand Analytics.
“CommerceHub and ChannelAdvisor have both established themselves as leading solutions for different segments of online retailers and brands. By coming together, we can provide an even broader network, enabling our combined customers to grow their businesses by discovering new products, new brands, and new channels,” said Bryan Dove, CEO, CommerceHub.
“This is a tremendous opportunity for our customers, for our team members and our shareholders. This transaction positions the combined company to accelerate innovation and help shape the future of commerce,” said David Spitz, CEO, ChannelAdvisor.
- What happened to my shares?
Each share of ChannelAdvisor common stock was converted into the right to receive the merger consideration of $23.10 in cash, without interest (the “Merger Consideration”) and subject to any withholding of taxes required by applicable law.
- How do I receive the Merger Consideration for my shares?
If you are a holder of a certificate or certificates that represent shares of ChannelAdvisor common stock, a letter of transmittal will be mailed to you promptly following November 15, 2022, describing, among other things, how you should surrender your stock certificate(s) in respect of your shares of ChannelAdvisor common stock in exchange for payment of the Merger Consideration.
If your shares of ChannelAdvisor common stock are held in “street name” by your broker, bank or other nominee, you should receive instructions from your broker, bank or other nominee as to how to effect the surrender of your “street name” shares of ChannelAdvisor’s common stock in exchange for the Merger Consideration, and you will not be mailed, and do not need to complete, a letter of transmittal.
- Can I convert my shares into ownership in the new company?
- Where can I find the final voting results of the Special Meeting?
ChannelAdvisor published final voting results in a Current Report on Form 8-K filed with the SEC.
- Who can help answer my questions?
If you have questions about your shares, please contact ChannelAdvisor’s transfer agent:
P.O. Box 43006
Providence, RI 02940-3006
If you have additional questions concerning the Merger Agreement, the Merger, the Special Meeting or the proxy statement, please contact our proxy solicitor:
MacKenzie Partners, Inc.
1407 Broadway, 27th Floor
New York, NY 10018