Monitor regulatory developments under HSR Act, Canadian Competition Act, and Israeli Competition Law, as antitrust review is the primary gating factor. The Outside Date is 12 months from signing with up to four automatic 3-month extensions if antitrust conditions are the only unmet conditions. Watch for the S-4 registration statement filing and the stockholder vote timeline.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Oct 29 $57.11entry
- T+1 · 6d ago −1.16%α +0.62% · $56.45
- T+4 · todayOpen
- T+5 · in 12h Pending
- T+20 · in 22d Pending
- T+60 · in 3mo Pending
Price Chart
How similar events traded
Executive Summary
This 425 filing by Maplebear Inc. (Instacart) contains the full Agreement and Plan of Merger with DoorDash, Inc., under which DoorDash will acquire Instacart for $65.00 per share in a cash-and-stock deal valued at approximately $17 billion equity value. The filing confirms the deal terms, closing conditions, termination fees, and voting agreements with major stockholders D1 Capital Partners and Sequoia Capital, who together hold about 19% of Instacart's outstanding shares and have agreed to vote in favor.
Key Financial Metrics
Key Facts
- DoorDash will acquire Instacart for $65.00 per share, representing a 26% premium to Instacart's closing price on October 22, 2026
- Equity value of approximately $17 billion
- Aggregate consideration is at least 75% cash, with stock consideration capped at 25% of total
- Stockholders can elect cash ($65.00), DoorDash stock (0.3372 shares), or mixed ($48.75 cash + 0.0843 DoorDash shares)
- Transaction expected to close in late 2027 or first half of 2028
- Subject to Instacart stockholder approval, HSR Act, Canadian and Israeli regulatory approvals, and other customary conditions
- Company termination fee of $650 million; Parent termination fee of $1.25 billion under certain regulatory-related circumstances
- Stockholders holding about 19% of outstanding shares (D1 Capital Partners and Sequoia Capital) have agreed to vote in favor
- DoorDash has entered into a bridge loan commitment with JPMorgan Chase; transaction not subject to financing condition
Financial Impact
DoorDash to acquire Instacart for $65.00 per share, equity value approximately $17 billion. At least 75% cash consideration, up to 25% DoorDash stock. DoorDash targeting investment-grade ratings post-deal.
Risk Factors
- Antitrust regulatory review in US, Canada, and Israel could delay or block the transaction
- Stockholder approval required; while 19% is committed, remaining 81% must vote in favor
- Long expected timeline (late 2027 to early 2028) increases execution risk
- DoorDash stock price fluctuations could affect the value of stock consideration for electing stockholders
- Potential litigation from stockholders challenging the deal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001193125-26-437077 |
| Document: 0001193125-26-437077-index-headers.html | 0001193125-26-437077 |
| Document: 0001193125-26-437077-index.html | 0001193125-26-437077 |
| Document: 0001193125-26-437077.txt | 0001193125-26-437077 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 5d ago | SC 13D/A | $57.59 $58.31 | ▲ +1.25% | ▲ +0.95% | $59.22 (+2.83%) |
Oct 30, 2026 5d ago | 425 | $57.59 $58.31 | ▲ +1.25% | ▲ +0.95% | $59.22 (+2.83%) |
Oct 29, 2026 6d ago | 425 | $56.45 $57.59 | ▲ +2.02% | ▲ +2.50% | $59.22 (+4.91%) |
Oct 29, 2026 6d ago | 425 | $56.45 $57.59 | ▲ +2.02% | ▲ +2.50% | $59.22 (+4.91%) |
Oct 29, 2026 6d ago | 425 | $56.45 $57.59 | ▲ +2.02% | ▲ +2.50% | $59.22 (+4.91%) |
Oct 29, 2026 6d ago | 425 | $56.45 $57.59 | ▲ +2.02% | ▲ +2.50% | $59.22 (+4.91%) |
Oct 29, 2026 6d ago | 425 | $56.45 $57.59 | ▲ +2.02% | ▲ +2.50% | $59.22 (+4.91%) |
Oct 29, 2026 6d ago | Institutional Cluster | $57.11 $56.45 | ▼ −1.16% | ▲ +0.62% | $59.22 (+3.69%) |
Oct 29, 2026 6d ago | 425 | $57.11 $56.45 | ▼ −1.16% | ▲ +0.62% | $59.22 (+3.69%) |
Oct 29, 2026 6d ago | 425 | $57.11 $56.45 | ▼ −1.16% | ▲ +0.62% | $59.22 (+3.69%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers