secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2026-09-10T21:19:51+00:00
Accession:  0000950103-26-013780
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Copart to acquire ACV for $10.50/share cash, ~$1.9B equity value
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- Copart to acquire all ACV shares for $10.50 cash/share; implied equity value ~$1.9B.
- Premium ~45% to ACV's Aug 10 close and ~41% to 30-day VWAP ending Sep 9, 2026.
- Tender offer requires majority of shares; HSR waiting period; expected close by year-end 2026.
- Support agreement covers ~4.1% of ACV shares; termination fees: ACV $57.7M, Copart $115.3M.
- Deal expected neutral to Copart EPS in first full year, accretive in fiscal 2028; ACV to operate independently.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000095010326013780/0000950103-26-013780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000095010326013780/dp253207_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-013780

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