Business Wire·Oct 1, 2026, 8:00 AM ET

Copart Announces Extension of Tender Offer to Acquire ACV

Copart extended its all-cash tender offer for ACV Auctions shares from September 30, 2026, to 5:00 p.m. Eastern Time on October 7, 2026.
The offer price remains $10.50 per share, net to the seller in cash without interest & subject to applicable withholding taxes.
Copart withdrew & refiled its Hart-Scott-Rodino Antitrust Improvements Act notification on September 28, 2026, to allow the DOJ & FTC additional review time.
The HSR Act waiting period expires at 11:59 p.m. Eastern Time on October 13, 2026, unless terminated earlier by the agencies.
The tender offer requires a Minimum Condition where validly tendered shares plus shares already owned by Purchaser represent more than 50% of total outstanding shares.
As of September 30, 2026, approximately 81,269,394 shares were tendered, representing 47.78% of outstanding shares.
Existing tendered shares do not need to be retendered due to the extension.
Innisfree M&A Incorporated serves as the information agent for the tender offer.