The merger has closed and ACVA shares will be delisted. No further trading expected.
Price Chart
Executive Summary
ACV Auctions filed Amendment No. 5 to its Schedule 14D-9 confirming that Copart's tender offer expired on October 15, 2026, with 116,818,409 shares validly tendered (~68.43% of outstanding shares). All conditions were satisfied, and the merger under Section 251(h) of the DGCL was consummated on October 16, 2026, with each remaining share converted into the right to receive $10.50 in cash. ACVA shares will be delisted from the NYSE and deregistered.
Key Facts
- Tender offer expired on October 15, 2026; 116,818,409 shares validly tendered (~68.43% of outstanding)
- Minimum tender condition and all other conditions satisfied or waived
- Merger consummated on October 16, 2026 under DGCL Section 251(h) without stockholder vote
- Each outstanding share (excluding appraisal shares) converted into $10.50 cash per share
- Shares to be delisted from NYSE and deregistered under the Exchange Act
Financial Impact
All-cash acquisition at $10.50 per share; total consideration approximately $1.23 billion based on ~117M shares tendered plus remaining outstanding shares converted
Risk Factors
- Appraisal rights litigation could delay payment for dissenting shareholders
- Delisting and deregistration eliminate public market liquidity
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 14D-9/A Filing (Primary) | 0001193125-26-423483 |
| Document: 0001193125-26-423483-index-headers.html | 0001193125-26-423483 |
| Document: 0001193125-26-423483-index.html | 0001193125-26-423483 |
| Document: 0001193125-26-423483.txt | 0001193125-26-423483 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $10.50 | awaiting T+20 | — | — |
Oct 16, 2026 10d ago | SC 14D-9/A | $10.50 | awaiting T+20 | — | — |
Oct 16, 2026 10d ago | 25-NSE | $10.50 | awaiting T+20 | — | — |
Oct 16, 2026 10d ago | SC TO-T/A | $10.50 | awaiting T+20 | — | — |
Oct 14, 2026 12d ago | SC 14D-9/A | $10.50 | awaiting T+20 | — | — |
Oct 14, 2026 12d ago | SC TO-T/A | $10.50 | awaiting T+20 | — | — |
Oct 8, 2026 18d ago | SC 14D-9/A | $10.44 | awaiting T+20 | — | — |
Oct 8, 2026 18d ago | SC TO-T/A | $10.44 | awaiting T+20 | — | — |
Oct 1, 2026 25d ago | SC 14D-9/A | $10.45 | awaiting T+20 | — | — |
Oct 1, 2026 25d ago | SC TO-T/A | $10.45 | awaiting T+20 | — | — |
US Market Status
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