DoorDash, Inc. filed a Form 425 on November 13, 2026, relating to its proposed acquisition of Maplebear Inc. (Instacart), featuring statements from regional and independent grocers and state retail associations in support of the combination.

Key Highlights

  • Merger agreement dated: The Agreement and Plan of Merger among DoorDash, Ibiza Merger Sub, Inc. (a wholly owned DoorDash subsidiary), and Instacart was dated October 28, 2026.
  • Subject company: Maplebear Inc. (Instacart), Commission File No. 001-41805, is the subject company of the proposed transaction.
  • Merger vehicle: The filing identifies Ibiza Merger Sub, Inc., a Delaware corporation and wholly owned DoorDash subsidiary, as the merger sub in the transaction.
  • Grocer support cited: Statements from operators including Milam's Markets, Northgate Gonzalez Market, Woodlands Market, JONS Fresh Marketplace, Westside Market, Coborn's, Food City, and Hays Food Town are included in the filing.
  • Associations represented: The Connecticut Retail Network and Minnesota Retailers Association are among the state-level associations quoted in support of the combination.
  • Regulatory conditions noted: The filing references required clearances including under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the Competition Act (Canada), and the Israeli Economic Competition Law-1988.

DoorDash-Instacart Combination: Regional Grocers and Associations Weigh In

DoorDash, Inc. filed this Form 425 pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934. The filing is centered on statements from regional grocery operators and state retail associations in support of the proposed acquisition of Instacart by DoorDash, announced under the Agreement and Plan of Merger dated October 28, 2026. DoorDash is incorporated in Nevada; Maplebear Inc. (Instacart) is incorporated in Delaware.

The filing quotes executives from multiple regional chains, covering markets in Florida, California, New York, Minnesota, Arkansas, Missouri, and several southeastern states. According to the filing, these operators cited existing partnerships with both DoorDash and Instacart and expressed the view that the combined entity would provide technology tools, resources, and delivery capabilities useful for competing with larger national retailers. State-level trade bodies, including the Connecticut Retail Network and the Minnesota Retailers Association, are also quoted expressing support for the proposed deal.

The filing states that the proposed transaction contains forward-looking statements subject to substantial risks and uncertainties, including the possibility that the Merger Agreement could be terminated and that required governmental and regulatory approvals - including expiration of the Hart-Scott-Rodino waiting period and clearances under Canadian and Israeli competition law - may not be obtained or may come with conditions. The filing explicitly notes that "these expectations and beliefs may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected."

What Was Disclosed

DoorDash filed a Form 425 on November 13, 2026, compiling third-party statements from regional grocers and retail associations supporting its proposed merger with Instacart under a merger agreement signed October 28, 2026, and noting associated regulatory and transaction risks.