Marchex completes $10 million acquisition of Archenia after stockholder approval
Marchex completed its acquisition of 100% of Archenia, Inc., a performance-based marketing technology company, on July 1, 2026. Stockholders approved the deal at a special meeting on the same day, with about 99.9% approval under both the simple majority and majority-of-the-minority votes. The company issued $10 million in 6% convertible notes to the sellers, and may issue additional shares if Archenia meets revenue, Adjusted EBITDA and integration targets.
Key points
- Acquisition closed July 1, 2026; Archenia is a performance-based marketing technology company.
- Company issued $10 million of convertible promissory notes bearing 6% interest, payable in three equal tranches at 12, 18 and 24 months after closing.
- Notes convert into Class B common stock at $1.80 per share.
- Earn-out of 2 million Class B shares for each of the first two 12-month periods, subject to revenue or Adjusted EBITDA growth and integration or customer retention targets.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.