Form 8-K · Current report
Copart 8-K, filed Oct 16, 2026
- Filed
- CIK
- 0000900075
- Accession no.
- 0001193125-26-423478
Summary
Copart completed its acquisition of ACV Auctions for $10.50 per share in cash through a tender offer that expired on October 15, 2026 with 116,818,409 shares (about 68.43% of ACV stock) validly tendered, followed by a merger under Section 251(h) of the Delaware General Corporation Law. ACV shares have ceased trading on the New York Stock Exchange and ACV will operate as an independent subsidiary of Copart led by its existing leadership team.
Key points
- The tender offer expired at 5:00 p.m. Eastern Time on October 15, 2026, was not extended, and all conditions were satisfied or waived.
- The merger was completed on October 16, 2026 without a stockholder vote of ACV, pursuant to Section 251(h) of the DGCL.
- Untendered ACV shares were canceled and converted into the right to receive the same $10.50 per share in cash.
- With the acquisition complete, ACV has ceased trading on the NYSE and will operate as an independent subsidiary of Copart.
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
- 2.01Completion of Acquisition or Disposition of Assets
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.01. Completion of Acquisition or Disposition of Assets. As previously disclosed in Parent’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 10, 2026 (the “Prior 8-K”), ACV entered into an Agreement and Plan of Merger, dated as of September 10, 2026 (the “Merger Agreement”), among ACV, Parent and Apple Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”). Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Merger Agreement, which was filed as an exhibit to the Prior 8-K and is incorporated herein by reference. …
An excerpt of the text as filed with the SEC, cut for length.
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