Commerce.com Board Rejects Unsolicited Acquisition Proposal from Rezolve Ai PLC

Commerce.com rejects Rezolve Ai's unsolicited acquisition proposal, citing undervaluation and commitment to maximizing shareholder value.

Quiver AI Summary

Commerce.com, Inc. has announced that its Board of Directors has received an unsolicited acquisition proposal from Rezolve Ai PLC, offering to exchange one share of Rezolve Ai for every two shares of Commerce.com, which represents a 47% discount to Commerce.com's current share price. The Board rejected this offer, stating that it significantly undervalued the company and was not attractive to shareholders. This follows a previous proposal from Rezolve Ai that was also rejected for similarly undervaluing Commerce.com. The Board remains focused on maximizing long-term value for shareholders and advancing its business transformation, emphasizing its strategic position in AI-powered commerce. Morgan Stanley is acting as financial advisor, and Latham & Watkins LLP is providing legal counsel.

Potential Positives

The Board of Directors' rejection of Rezolve Ai's acquisition proposal demonstrates Commerce.com's commitment to maximizing shareholder value, signaling confidence in the company's current market position.
Commerce.com is undergoing a material business transformation focusing on improved efficiency and expanded margins, indicating a proactive approach to driving future growth.
The company is well-positioned in the AI-powered commerce space, which may attract further investment and interest from stakeholders.

Potential Negatives

The unsolicited acquisition proposal from Rezolve Ai implies a 47% discount to Commerce.com's current share price, which may signal to investors that the market perceives the company's valuation as inflated.
The Board's rejection of the proposal may lead to uncertainty among shareholders about the company's future strategic direction and its ability to generate shareholder value.
This is the second unsolicited proposal from Rezolve Ai that the Board has rejected, indicating potential ongoing interest from external parties in acquiring the company, which could suggest weaknesses in its competitive position or growth prospects.

FAQ

What is the recent proposal received by Commerce.com?

Commerce.com received an unsolicited acquisition proposal from Rezolve Ai PLC to exchange shares, undervaluing the company significantly.

How did Commerce.com's Board of Directors respond to the proposal?

The Board determined the proposal significantly undervalues the company and does not warrant further engagement.

What was the discount implied in Rezolve Ai's acquisition proposals?

The recent proposal implied a 47% discount, while a previous proposal implied a 29% discount to Commerce.com's share price.

Who are the financial advisor and legal counsel for Commerce.com?

Morgan Stanley is the financial advisor, and Latham & Watkins LLP serves as legal counsel for Commerce.com.

What is the focus of Commerce.com moving forward?

Commerce.com aims to maximize long-term shareholder value by advancing its business transformation and AI-powered commerce strategy.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$CMRC Insider Trading Activity

$CMRC insiders have traded $CMRC stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $CMRC stock by insiders over the last 6 months:

ELLEN F SIMINOFF (Executive Chair) purchased 100,000 shares for an estimated $294,080

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$CMRC Revenue

$CMRC had revenues of $89.5M in Q4 2025. This is an increase of 2.86% from the same period in the prior year.

You can track CMRC financials on Quiver Quantitative's CMRC stock page.

$CMRC Hedge Fund Activity

We have seen 94 institutional investors add shares of $CMRC stock to their portfolio, and 72 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

M&T BANK CORP added 1,361,699 shares (+8174.4%) to their portfolio in Q4 2025, for an estimated $5,610,199
LYNROCK LAKE LP added 912,848 shares (+10.9%) to their portfolio in Q4 2025, for an estimated $3,760,933
DIVISAR CAPITAL MANAGEMENT LLC removed 834,052 shares (-18.1%) from their portfolio in Q4 2025, for an estimated $3,436,294
SHAY CAPITAL LLC removed 657,996 shares (-75.0%) from their portfolio in Q4 2025, for an estimated $2,710,943
PENSERRA CAPITAL MANAGEMENT LLC removed 641,773 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $2,644,104
ACADIAN ASSET MANAGEMENT LLC added 627,099 shares (+35.3%) to their portfolio in Q4 2025, for an estimated $2,583,647
POINT72 ASSET MANAGEMENT, L.P. added 477,910 shares (+inf%) to their portfolio in Q4 2025, for an estimated $1,968,989

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$CMRC Analyst Ratings

Wall Street analysts have issued reports on $CMRC in the last several months. We have seen 0 firms issue buy ratings on the stock, and 2 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Underweight" rating on 01/20/2026
Barclays issued a "Underweight" rating on 10/21/2025

To track analyst ratings and price targets for $CMRC, check out Quiver Quantitative's $CMRC forecast page.

$CMRC Price Targets

Multiple analysts have issued price targets for $CMRC recently. We have seen 4 analysts offer price targets for $CMRC in the last 6 months, with a median target of $5.0.

Here are some recent targets:

Scott Berg from Needham set a target price of $7.5 on 04/08/2026
Raimo Lenschow from Barclays set a target price of $2.0 on 02/17/2026
David Hynes from Canaccord Genuity set a target price of $6.0 on 02/13/2026
Josh Baer from Morgan Stanley set a target price of $4.0 on 01/20/2026

Full Release

AUSTIN, Texas, April 08, 2026 (GLOBE NEWSWIRE) -- Commerce.com, Inc. (Nasdaq: CMRC) (formerly BigCommerce Holdings, Inc.) today confirmed its Board of Directors received an unsolicited proposal from Rezolve Ai PLC (NASDAQ: RZLV) under which Rezolve Ai proposed to acquire all of the outstanding common shares of Commerce.com by exchanging one Rezolve Ai share for every two shares of Commerce.com, implying a 47% discount to the current Commerce.com share price, based on Rezolve Ai’s closing price of $2.88 on April 7, 2026. The Board of Directors determined this proposal significantly undervalues the company, is not attractive to Commerce.com shareholders, and does not warrant further engagement.

This decision follows the Board of Directors’ previous unanimous rejection of a private, unsolicited all-stock proposal received from Rezolve Ai on February 22, 2026 under which Rezolve Ai proposed to acquire all of the outstanding common shares of Commerce.com by exchanging one Rezolve Ai share for each Commerce.com share, implying a 29% discount to prior Commerce.com share price, based on Rezolve Ai’s closing price of $2.15 on February 20. It is notable that the revised proposal received today is even less favorable and implies a significant discount to the Company’s current market valuation.

The Board and management team remain committed to maximizing long-term value for Commerce.com shareholders, and are focused on further advancing its recent material business transformation. With improved eﬃciency, expanded margins, realigned investment to the highest-impact growth areas, and a clear position in AI-powered agency commerce, Commerce.com is well positioned to deliver enhanced growth and value. The Board and management team will continue to take actions to advance that objective.

Morgan Stanley is serving as financial advisor to Commerce.com, and Latham & Watkins LLP is serving as legal counsel.

About Commerce
Commerce (Nasdaq: CMRC) empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce , Feedonomics , and Makeswift , Commerce connects the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. Trusted by leading businesses like Coldwater Creek, Cole Haan, Dell, Harvey Nichols, King Arthur Baking Co., Mizuno, Pacsun, Perry Ellis, Skechers, SportsShoes and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit commerce.com or follow us on X and LinkedIn .

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