DoorDash amends Wolt deal terms; adds liquidation preference top-up and option substitution

DoorDash, Inc.

April 9 amendment adds liquidation preference top-up shares for Wolt preferred holders; revises vested option treatment.
Vested Wolt options cancelled at closing; continuing employees get substitute DoorDash options, others get DoorDash Class A common stock.
Base total share consideration unchanged at 39,382,172 DoorDash shares, subject to cash, debt, and working capital adjustments.
Consideration adjustments use fixed DoorDash price of $206.4513/share; current price $104.72 as of April 11.

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