The company issued $2,750,000,000 of 0% convertible senior notes due May 30, 2025, 2030, including the $250,000,000 additional-notes option that the initial purchasers exercised in full on May 28, 2025.

1. 01

   The company issued $2,750,000,000 of 0% convertible senior notes due May 30, 2025, 2030, including the $250,000,000 additional-notes option that the initial purchasers exercised in full on May 28, 2025.

2. 02

   DoorDash said net proceeds were about $2,720 million after fees and estimated expenses, and that it used about $338.5 million of them to fund the cost of the convertible note hedge transactions. It said it plans to use the rest for general corporate purposes, including acquisitions and share repurchases.

3. 03

   The company said the notes bear no regular cash interest and that the initial conversion rate is $1,000 shares of Class A common stock per 3.4250 principal amount, or a conversion price of about $291.97. It said holders may convert before November 15, 2029 only upon certain events.

4. 04

   DoorDash said it entered into warrant transactions separate from the convertible note hedge transactions. It said the notes may be converted into up to 13,421,650 shares of Class A common stock, and the warrants may be exercised for up to 18,837,502 shares.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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