CART · This is a routine Rule 425 filing by Instacart (Maplebear Inc.)…

This is a routine Rule 425 filing by Instacart (Maplebear Inc.) containing a comprehensive set of communications to employees, retailers, brand partners, customers, and shoppers regarding the pending acquisition by DoorDash for $65.00 per share in a cash-and-stock deal valued at approximately $17 billion equity value. The filing confirms the deal terms, expected closing timeline (end of 2027 or first half of 2028), and standard regulatory conditions, with no changes to terms or disclosed opposition. It is a standard M&A communication reinforcing the deal rationale and operational independence until close.

• Instacart entered into a definitive agreement to be acquired by DoorDash for $65.00 per share in a cash-and-stock deal valued at approximately $17 billion equity value.
• Stockholders can elect to receive 100% cash or up to 25% stock (DoorDash Class A or potentially Class C shares), subject to a cap on stock consideration at 25% of aggregate total.
• The deal represents a 26% premium to Instacart's closing price on October 22, 2026, the last trading day before media reports about a possible transaction.
• Transaction expected to close by end of 2027 or first half of 2028, subject to regulatory approvals, stockholder vote, and other customary conditions.