Form 8-K · Current report
Copart 8-K, filed Sep 10, 2026
- Filed
- CIK
- 0000900075
- Accession no.
- 0001193125-26-388064
Summary
Copart agreed to acquire ACV Auctions through a tender offer at $10.50 per share in cash, followed by a merger under Delaware law, with certain ACV stockholders holding about 4.1% of shares agreeing to tender and vote in favor.
Key points
- Merger Sub will commence a cash tender offer for all ACV shares at $10.50 per share within 5 to 7 business days of the merger agreement.
- The offer is conditioned on more than 50% of outstanding ACV shares being tendered and on HSR antitrust clearance, among other customary conditions.
- ACV would pay Copart a $57.7 million termination fee in specified circumstances, while Copart would pay ACV $115.3 million in others.
- Support stockholders holding about 4.1% of ACV shares agreed to tender their shares and vote in favor of the merger.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. Agreement and Plan of Merger On September 10, 2026, ACV Auctions Inc., a Delaware corporation (“ACV”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Copart, Inc., a Delaware corporation (“Parent”), and Apple Merger Sub, Inc., a Delaware corporation (“Merger Sub”) and a wholly owned subsidiary of Parent. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Merger Agreement. …
An excerpt of the text as filed with the SEC, cut for length.
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