SCHEDULE: Lynrock Lake Discloses 9.9% Stake in Commerce.com
Beneficial Ownership Disclosure
Lynrock Lake LP, along with its affiliates, has disclosed a 9.9% beneficial ownership stake in Commerce.com, Inc., holding 7,977,487 shares of common stock as of June 30, 2025.
Summary
- Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul (collectively, the "Reporting Persons") have filed an Amendment No. 2 to Schedule 13G.
- The filing reports beneficial ownership of 7,977,487 shares of Series 1 common stock of Commerce.com, Inc. (formerly known as BigCommerce Holdings, Inc.).
- This represents 9.9% of the outstanding common stock of Commerce.com, Inc.
- The ownership percentage is based on 80,406,000 shares of common stock outstanding as of June 30, 2025, as reported in the Issuer's Form 10-Q filed on July 31, 2025.
- Lynrock Lake LP, as the investment manager, has sole voting and dispositive power over these shares.
- Cynthia Paul, Chief Investment Officer of Lynrock Lake LP and Sole Member of Lynrock Lake Partners LLC, may be deemed to exercise voting and investment power.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: The filing indicates a significant, stable beneficial ownership stake by an institutional investor, which can be viewed as a positive signal of continued interest in the company. However, it is a routine disclosure and does not provide new operational or financial performance data.
Positives
- A significant 9.9% stake by an institutional investment manager (Lynrock Lake LP) indicates a notable investment in Commerce.com, Inc.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant ownership stake by an institutional investor. It does not provide specific insights into Commerce.com, Inc.'s competitive position or broader industry trends, beyond indicating continued institutional interest in the e-commerce platform sector.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake may provide a degree of confidence or stability, as a large investor is committed to the company.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event requiring the filing of this statement, reflecting the beneficial ownership stake. |
| 07/31/2025 | Date Commerce.com, Inc. filed its Form 10-Q, reporting 80,406,000 shares outstanding. |
| 08/14/2025 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
Commerce.com, BigCommerce Holdings, Lynrock Lake, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management
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