DoorDash Announces Closing of $2.75 Billion Convertible Notes Offering

2025-06-02 | 8-K |Communication Services

Summary

DoorDash, Inc. has closed its offering of $2.75 billion aggregate principal amount of 0% convertible senior notes due 2030. The notes were issued in a private offering to qualified institutional buyers and will not be registered under the Securities Act. The net proceeds of approximately $2.72 billion will be used to fund convertible note hedge transactions and for general corporate purposes, which may include acquisitions and share repurchases. The notes are convertible into Class A common stock based on a specified conversion rate. Additional details are provided in the accompanying press release.

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New Major Contract Financial Instrument Agreement New Debt Issued Unregistered Stock Issuance No viable tag No viable tag

Exhibits (4)

EX-4.1ef20049988_ex4-1.htm811KB EX-10.1ef20049988_ex10-1.htm238KB EX-10.2ef20049988_ex10-2.htm204KB EX-99.1ef20049988_ex99-1.htm10KB

About Doordash Inc.

Doordash Inc. operates as a leading technology company specializing in online food delivery, facilitating the connection between local consumers and various merchants, particularly restaurants. Leveraging cutting-edge logistics and technology, Doordash offers a seamless platform for users to browse menus, place orders, and receive quick deliveries from local dining establishments. Founded in 2013 and headquartered in San Francisco, California, Doordash has rapidly expanded its presence in the food delivery sector, impacting the way consumers interact with restaurants and other food service providers. The company's platform provides significant support to small and independent restaurants that seek to reach a broader customer base without the need for their own delivery infrastructure. Additionally, it offers drivers, known as Dashers, flexible work opportunities within the gig economy. As a pioneering force in the delivery service industry, Doordash plays a critical role in shaping consumption patterns in the on-demand economy, driving innovation in logistics solutions, and contributing to the digital transformation of the dining experience.

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