Coupang repurchases 10M Class A shares from Maverick Holdings for $177.9M

Coupang, Inc.

Repurchased 10,000,000 shares from early-stage investor Maverick Holdings C, L.P. at $17.79 per share.
Aggregate purchase price of $177.9 million; transaction closed on April 3, 2024.
Privately negotiated repurchase; Company states it will continue to evaluate capital allocation.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Coupang, Inc. entered into Share Repurchase Agreement with Maverick Holdings C, L.P. valued at $177,900,000 (effective 2024-04-01).

Action: entry
Agreement: equity purchase
Counterparty: Maverick Holdings C, L.P.
Value: $177,900,000
Effective: 2024-04-01

Exact text from the filing

On April 2, 2024, Coupang, Inc. (the “Company”) entered into a Share Repurchase Agreement (the “Repurchase Agreement”), which is effective as of April 1, 2024, with Maverick Holdings C, L.P., an early stage investor, for the Company to repurchase 10,000,000 shares of the Company’s Class A Common Stock for $17.79 per share in a privately negotiated transaction for an aggregate purchase price of $177,900,000

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Coupang, Inc. filing history →

Source: SEC EDGAR

accession 0001834584-24-000034

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