other material
confidence high
sentiment neutral
materiality 0.30
Maplebear converts all 5.83M Series A preferred shares to common, eliminates Series A designation
Maplebear Inc.
- Holder converted all 5,833,333 Series A Convertible Preferred shares into 5,833,333 shares of common stock on September 21, 2026; no Series A preferred remains outstanding.
- Newly issued common shares carry a 35-day transfer restriction after issuance, restricting resale until roughly late October 2026.
- Issuance exempt from registration under Section 3(a)(9); no commission or other remuneration was paid in the exchange.
- On September 24, 2026 Maplebear filed a Certificate of Elimination in Delaware removing the Series A Certificate of Designation; those shares revert to authorized but undesignated preferred.
- No cash proceeds to the company; the transaction swaps an existing convertible preferred class for common stock and simplifies the capital structure.