Procore Technologies consummated its previously announced merger with DroneDeploy on September 9, 2026. Under the terms of the Agreement and Plan of Merger executed on July 27, 2026, Procore acquired DroneDeploy for a purchase price of approximately $845.0 million in cash, subject to adjustments for working capital, transaction expenses, cash, and indebtedness. DroneDeploy continues as a wholly-owned subsidiary of Procore. Procore Technologies operates in the construction technology industry, providing cloud-based software solutions for the building and infrastructure sectors.

Procore Technologies, Inc. completed a private offering of $950 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 on August 6, 2026, including the full exercise of the initial purchasers' option to purchase an additional $125 million in notes. The notes mature on August 15, 2031, and are convertible at an initial rate of 12.0642 shares per $1,000 principal amount, representing a conversion price of approximately $82.89 per share, which is a 50% premium over the stock's August 3 closing price of $55.26. The company entered into capped call transactions with an initial cap price of $110.52 to mitigate potential dilution. Net proceeds were approximately $926.6 million after offering expenses, with $59.1 million used for the capped calls and $175 million applied to repurchase 3.17 million shares concurrently. The remaining funds are designated for the acquisition of DroneDeploy, Inc. and general corporate purposes. Procore Technologies operates in the construction management software industry.

On July 27, 2026, Procore Technologies, Inc. entered into a definitive Agreement and Plan of Merger to acquire DroneDeploy, Inc., for approximately $845 million in cash, subject to customary adjustments. The transaction involves a merger where DroneDeploy will become a wholly-owned subsidiary of Procore. To fund the acquisition, Procore secured a debt financing commitment from Goldman Sachs Bank USA for up to $700 million via a 364-day senior secured bridge loan facility. The deal includes a retention pool for certain DroneDeploy service providers and is expected to close by the end of 2026, pending stockholder approval and regulatory clearances such as Hart-Scott-Rodino expiration. Procore Technologies, Inc. operates in the construction technology industry, providing cloud-based construction management software.

Erin Chapple voluntarily resigned from the Board of Directors of Procore Technologies, Inc., effective June 30, 2026. The Board approved a reduction in its size from 11 to 10 directors following her departure. Procore Technologies, Inc. provides cloud-based construction management software solutions.