secwatch.observer — SEC 8-K summary
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Issuer:     Maplebear Inc. (CART)
CIK:        0001579091
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0001193125-23-240556
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 3.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579091/000119312523240556/0001193125-23-240556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579091/000119312523240556/d511433d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-240556

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer