CART · DoorDash filed a Rule 425 communication containing social media posts…

DoorDash filed a Rule 425 communication containing social media posts (images not included in the text) related to its pending acquisition of Instacart for $65.00 per share in a cash-and-stock deal valued at approximately $17 billion. The filing is a routine M&A communication with no new financial information, revised terms, or disclosed opposition.

• DoorDash (DASH) to acquire Instacart (CART) for $65.00 per share in cash-and-stock deal valued at approximately $17 billion equity value.
• Aggregate consideration is at least 75% cash; stockholders can elect cash, DoorDash stock, or a mix, subject to a cap on stock consideration at 25% of total.
• Transaction expected to close in late 2027 or first half 2028, subject to regulatory approvals, stockholder vote, and other customary conditions.
• This filing contains social media posts (images not included in text) and standard forward-looking statements and regulatory disclosures.