Maplebear Inc. filed an 8-K on October 29, 2026, disclosing that on October 28, 2026, it entered into an Agreement and Plan of Merger with DoorDash, Inc. under which DoorDash would acquire Maplebear in a transaction offering stockholders a choice of cash, stock, or mixed consideration.

Key Highlights

  • Merger announced: Maplebear Inc. entered into an Agreement and Plan of Merger with DoorDash, Inc. and merger subsidiary Ibiza Merger Sub, Inc. on October 28, 2026.
  • Cash option: Stockholders making a Cash Election would receive $65.00 per share in cash, without interest.
  • Stock option: Stockholders making a Stock Election would receive 0.3372 shares of DoorDash Parent Class A Common Stock per Maplebear share.
  • Mixed option: Stockholders making a Mixed Election would receive $48.75 in cash plus 0.08430 shares of Parent Class A Common Stock per share.
  • Board approval: According to the filing, the Maplebear Board of Directors unanimously approved the Merger Agreement and recommended that stockholders adopt it.
  • Alternative stock class: DoorDash may elect to issue Parent Class C Common Stock in lieu of Class A Common Stock, subject to conditions including a dividend of at least 0.5 shares of Class C on each outstanding Class A and Class B share, and the election must be made by the earlier of March 31, 2027 or three months prior to closing.
  • Regulatory requirements: Closing is conditioned on, among other things, HSR Act clearance, clearance under the Competition Act (Canada), and clearance under the Israeli Economic Competition Law-1988.

Maplebear-DoorDash Merger Terms and Stockholder Election Process

According to the filing, Maplebear Inc. (NASDAQ:CART), the operator of Instacart, signed a definitive merger agreement on October 28, 2026, under which Ibiza Merger Sub, Inc., a wholly owned subsidiary of DoorDash, Inc., will merge with and into Maplebear. Upon completion, Maplebear would become a wholly owned subsidiary of DoorDash. The filing states that the Company's Board of Directors unanimously approved the Merger Agreement and recommended that stockholders adopt it.

The merger offers stockholders three consideration paths. A Cash Election entitles each share to $65.00 in cash without interest. A Stock Election entitles each share to 0.3372 shares of DoorDash Parent Class A Common Stock, subject to a proration mechanism described in the filing. A Mixed Election entitles each share to $48.75 in cash plus 0.08430 shares of Parent Class A Common Stock. Shares for which no valid election is made by the Election Deadline will be treated as Non-Election Shares and receive the Cash Consideration, the filing states. The filing notes a proration mechanism that limits the total stock consideration issued so it does not exceed the amount that would have been issued had all converting shares received the Mixed Consideration.

The filing discloses that closing is subject to several conditions: adoption of the Merger Agreement by Maplebear stockholders; expiration or termination of the HSR Act waiting period; applicable clearances under the Competition Act (Canada) and the Israeli Economic Competition Law-1988; absence of governmental orders prohibiting the merger; effectiveness of a Form S-4 registration statement by DoorDash registering the shares to be issued; and authorization for listing of those shares on the Nasdaq Global Select Market. The filing also checked the box indicating it is a written communication pursuant to Rule 425 under the Securities Act.

What Was Disclosed

Maplebear disclosed a signed merger agreement with DoorDash, Inc. dated October 28, 2026, providing stockholders with cash, stock, or mixed consideration options ranging up to $65.00 per share in cash or 0.3372 shares of DoorDash stock, subject to stockholder approval, regulatory clearances, and other customary closing conditions.