DoorDash prices upsized $2.5B 0% convertible notes due 2030; net proceeds ~$2.472B

DoorDash, Inc.

Upsized from $2.0B to $2.5B aggregate principal; initial purchasers have 13-day option for additional $250M.
0% coupon, matures May 15, 2030; initial conversion price ~$291.97/share (42.5% premium over $204.89 close).
Net proceeds ~$2.472B after discount and expenses; part used to fund convertible note hedge and warrant transactions.
Warrant strike price $512.225 (~150% premium); if exceeded, they could dilute shares unless settled in cash.
Remaining proceeds for general corporate purposes, including potential acquisitions and share repurchases.

item 8.01item 9.01

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