Form 8-K · Current Report · Filed 2025-06-02
DoorDash Announces Closing of $2.75 Billion Convertible Notes Offering
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.
- Filer
- Doordash Inc. DASH · NASDAQ
- Filed
- Accession
- 0001140361-25-021020
- CIK
- 0001792789
- Signal
- Medium impactCommunication Services
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Unregistered Sales of Equity Securities
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$208.65
Next session
+2.4%
Since filing
-6.0%
Latest close
$196.16
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from DASH reporting the same item, with the next session's move:
Exhibits (4)
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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