M&A - Coupang, Inc.

Form Type: 8-K

Filing Date: 2025-04-08

Corporate Action: Acquisition

Type: New

Accession Number: 000183458425000062

Filing Summary: On April 7, 2025, Coupang, Inc. entered into a Master Transaction Agreement resulting in the indirect acquisition of all of the limited partner units of Surpique LP from Greenoaks Capital Partners, LLC. This acquisition allows Coupang to increase its ownership stake, as it previously held an 80.1% equity interest in Surpique LP after a prior transaction. The total consideration for this acquisition was $140,096,101, comprised of a cash payment of $14,096,101 and the issuance of 5,465,099 shares of Coupang's Class A Common Stock, with shares priced based on the volume weighted average price over the preceding trading days. The transaction does not involve the registration of these shares under the Securities Act, relying instead on an exemption from registration requirements. Additionally, key details identify that Mr. Neil Mehta, a board member of Coupang and Managing Partner of Greenoaks, is a significant stakeholder, collectively owning about 3.2% of Coupang's Class A shares. The report emphasizes that this filing does not constitute an offer to sell or solicit offers for any securities.

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