Maplebear (CART) closes IPO, sells $175M Series A Preferred to PepsiCo

Maplebear Inc.

Closed IPO on Sep 21, 2023; concurrently sold 5,833,333 Series A Preferred shares to PepsiCo for approx. $175M.
Series A Preferred ranks senior to common, no voting rights except class votes, convertible after 7 years or optionally at year 3 if stock price exceeds conversion price.
Appointed Ravi Gupta (Sequoia Capital Managing Member and former CFO/COO) to board; granted 8,333 RSUs vesting over 3 years.
Amended and restated certificate of incorporation and bylaws effective with IPO closing.
Sequoia affiliates purchased approx. $30M of common stock in IPO at public offering price.

item 3.02 item 3.03 item 5.02 item 5.03 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ravi Gupta

Director

CART · Maplebear Inc.

Effective: 2023-09-22
Filed: September 22, 2023, 7:59 PM ET

On August 11, 2023, the Company’s board of directors (the “ Board ”) appointed Ravi Gupta to the Board, effective as of the business day following the closing of the Company’s IPO (the “ Appointment Date ”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ravi Gupta was appointed as Director at Maplebear Inc..

Action: appointed
Role: Director

Exact text from the filing

On August 11, 2023, the Company’s board of directors (the “ Board ”) appointed Ravi Gupta to the Board, effective as of the business day following the closing of the Company’s IPO (the “ Appointment Date ”).

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Maplebear Inc.: Amended and restated bylaws became effective in connection with IPO closing (effective 2023-09-21).

Change: bylaw amendment
Effective: 2023-09-21

Exact text from the filing

On September 21, 2023, the Company’s amended and restated bylaws (the “ Restated Bylaws ”) became effective in connection with the closing of the IPO.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Maplebear Inc.: Amended and restated certificate of incorporation filed in connection with IPO closing (effective 2023-09-21).

Change: charter amendment
Effective: 2023-09-21

Exact text from the filing

On September 21, 2023, the Company filed an amended and restated certificate of incorporation (the “ Restated Certificate ”) with the Secretary of State of the State of Delaware in connection with the closing of the IPO.

View on SEC.gov

87 governance changes filed in the last 30 days. Browse all governance changes →

Maplebear Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-240556

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