---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-284151"
form_type: "8-K"
ticker: "TOST"
cik: "0001650164"
company_name: "Toast, Inc."
filed_at: "2021-09-27T23:59:59+00:00"
generated_at: "2026-06-29T01:18:08.300377+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Toast closes IPO of 25M shares at $40, gross proceeds $1B

## Summary
- IPO of 25M Class A common shares at $40.00 on Sept 24, 2021; full exercise of underwriters' option.
- Gross proceeds of $1B; net after underwriting discounts and offering expenses not disclosed.
- Amended charter authorizes 7B Class A, 700M Class B common, and 100M undesignated preferred shares.
- Second amended bylaws eliminate stockholder action by written consent and establish proposal/nomination procedures.

## SEC filing metadata
- accession: 0001193125-21-284151
- form_type: 8-K
- ticker: TOST
- cik: 0001650164
- company_name: Toast, Inc.
- filed_at: 2021-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650164/000119312521284151/0001193125-21-284151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650164/000119312521284151/d285058d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-284151
- JSON: https://secwatch.observer/filing/0001193125-21-284151.json
- Plain text: https://secwatch.observer/filing/0001193125-21-284151.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.