Close the acquisition of Mailchimp
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 13 Sep 2021
- Due
- 31 Jan 2022
- Delivered
- 1 Nov 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is expected to close prior to the end of Intuit’s second quarter fiscal 2022, subject to receipt of required regulatory approvals and satisfaction or waiver of other customary closing conditions.”
What we found
Evidence strength A What the grades mean
Intuit confirmed in its filings that it borrowed funds on November 1, 2021, to finance the Mailchimp acquisition, indicating the transaction was completed prior to the January 31, 2022 deadline.
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A Intuit Inc. 10-K filed 2022-09-02
“On November 1, 2021, we borrowed the full $4.7 billion under the unsecured term loan to fund a portion of the cash consideration for the acquisition of Mailchimp.” ✓ confirmed on the page
Market reaction: the shares moved +2.0% against the S&P 500 over the three sessions around the disclosure (1 Sep 2022 to 7 Sep 2022). What this measures
Checked 2 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Acquisition of Mailchimp
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to receipt of required regulatory approvals; satisfaction or waiver of other customary closing conditions
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-INTU-004225 · Corrections policy