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AI brief of an SEC Form 8-K · PROCORE TECHNOLOGIES, INC. (PCOR)

Procore completes $845.0 million cash acquisition of drone software maker DroneDeploy

Neutral Impact 4 of 5 m&a Written later

Procore Technologies said it completed its merger with DroneDeploy on September 9, 2026, under a merger agreement first announced July 27, 2026. Procore acquired DroneDeploy for an approximate purchase price of $845.0 million in cash, subject to adjustments for working capital, transaction expenses, cash and indebtedness. The filing gives no financial results for either company, so its effect on Procore's earnings is not stated.

Key points

  • Merger completed September 9, 2026; DroneDeploy is now a wholly-owned subsidiary of Procore
  • Approximate purchase price of $845.0 million in cash, subject to adjustments
  • Merger agreement originally entered into July 27, 2026, and reported in an 8-K filed July 29, 2026

The filing

CompanyPROCORE TECHNOLOGIES, INC. (PCOR)
Form8-K, current report
Filed with the SECSep 9, 2026, 4:02 PM ET
Accession number0001193125-26-386428

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 09, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.