DBX 8-K: Material agreement

Dropbox

Filed with the SEC on · accession 0001104659-26-126351

DBX filed a 8-K (current report) with the SEC on Nov 12, 2026. Dropbox entered into a purchase agreement to issue $1.1 billion of 1.25% Convertible Senior Notes due 2031, with an additional $150 million option exercised in full, resulting in $1.25 billion total.

Summary of the filing

Dropbox entered into a purchase agreement to issue $1.1 billion of 1.25% Convertible Senior Notes due 2031, with an additional $150 million option exercised in full, resulting in $1.25 billion total. The notes have an initial conversion price of approximately $40.73 per share.

Key details

Base Notes principal amount$1.1B
Additional Notes principal amount$150.0M
Total Notes principal amount$1.3B
Initial conversion price per share$41
IssuerDropbox, Inc.
Initial purchaserJ.P. Morgan Securities LLC
Initial purchaserGoldman Sachs & Co. LLC
TrusteeU.S. Bank Trust Company, National Association

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Frequently asked questions

What did DBX file with the SEC on Nov 12, 2026?

DBX filed a 8-K (Material agreement). Dropbox entered into a purchase agreement to issue $1.1 billion of 1.25% Convertible Senior Notes due 2031, with an additional $150 million option exercised in full, resulting in $1.25 billion total. The notes have an initial conversion price of approximately $40.73 per share.

What does a material agreement mean for DBX stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 8-K?

A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more. The "Item" number tells you the topic (e.g. 2.02 results, 5.02 executive change, 1.01 new agreement, 1.03 bankruptcy). Exhibits (99.1 press release) usually hold the details.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 8-K (current report): A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more.

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