---
schema_version: "secwatch.filing_event.v1"
accession: "0001582961-23-000023"
form_type: "8-K"
ticker: "DOCN"
cik: "0001582961"
company_name: "DigitalOcean Holdings, Inc."
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T11:50:46.004512+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DigitalOcean acquires Paperspace for $111M cash to expand AI/ML offerings

## Summary
- Acquired Paperspace for $111M in cash; expected immaterial impact on 2023 results.
- Reaffirmed Q2 revenue guidance; expects to exceed adjusted EBITDA margin and non-GAAP EPS guidance.
- Stock repurchase: $370M used of $500M program; 10.57M shares repurchased at avg $35.00; 88.6M shares outstanding.
- Paperspace provides GPU infrastructure for AI/ML, simplifying access for SMBs and startups.

## SEC filing metadata
- accession: 0001582961-23-000023
- form_type: 8-K
- ticker: DOCN
- cik: 0001582961
- company_name: DigitalOcean Holdings, Inc.
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000023/0001582961-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000023/docn-20230706.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001582961-23-000023
- JSON: https://secwatch.observer/filing/0001582961-23-000023.json
- Plain text: https://secwatch.observer/filing/0001582961-23-000023.txt

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