Copart said it completed its acquisition of ACV Auctions Inc. on October 16, 2026, with the tender offer priced at $10.50 per share of ACV common stock in cash, without interest and subject to applicable withholding taxes.

1. 01

   Copart said it completed its acquisition of ACV Auctions Inc. on October 16, 2026, with the tender offer priced at $10.50 per share of ACV common stock in cash, without interest and subject to applicable withholding taxes.

2. 02

   The company said 116,818,409 ACV shares were validly tendered as of the tender offer expiration on October 15, 2026. Together with shares already held by Copart and Merger Sub, the company said this represented about 68.43% of ACV's issued shares.

3. 03

   The company said Merger Sub merged into ACV on October 16, 2026, with ACV surviving as a wholly owned subsidiary of Copart. Shares not tendered were converted into the right to receive the same $10.50 per share in cash.

4. 04

   The company said vested ACV stock options with an exercise price below the merger consideration were cashed out at the effective time. Unvested options and regular RSUs were converted into Converted Stock Options and Converted RSUs covering Copart shares.

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