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VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC) announced stockholder approval for its business combination with banking app Dave Inc. The special meeting, held on January 4, 2022, saw approximately 96.2% of votes in favor. The transaction is set to close on January 5, 2022, with the combined entity's shares trading on Nasdaq under the symbol 'DAVE' starting January 6, 2022. Dave aims to enhance financial access for its 11 million customers while providing innovative financial products.
VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC) plans to withdraw its stock listing from the NYSE and transition to Nasdaq after completing its merger with Dave Inc., a fintech banking app. This business combination is anticipated to close around January 5, 2022, with trading on Nasdaq commencing shortly thereafter under the symbols 'DAVE' and 'DAVEW'. The transition aims to enhance trading visibility and liquidity for the combined entity, which will also adopt the name 'Dave Inc.' upon closing.
VPC Impact Acquisition Holdings III (NYSE: VPCC) announced the upcoming special stockholder meeting on
Dave, a financial app aimed at enhancing financial opportunity, has announced participation in two upcoming conferences. On November 15, 2021, Dave will present at the Citi 2021 FinTech Conference starting at 11:15 am ET. Additionally, on December 1, 2021, they will be at the Credit Suisse 25th Annual Technology Conference in Scottsdale, AZ, beginning at 3:40 pm MT. The app, which assists over 10 million customers with banking and budgeting, is merging with VPC Impact Acquisition Holdings III (NYSE: VPCC) to become publicly traded.
VPC Impact Acquisition Holdings III (NYSE: VPCC) has filed a Registration Statement with the SEC regarding its proposed business combination with Dave Inc., a banking app. The merger, first announced on June 7, 2021, is expected to close in Q4 2021 pending stockholder approval and regulatory conditions. Upon completion, VPCC will rebrand as Dave Inc. and trade under the new ticker symbol 'DAVE' on Nasdaq. The boards of both companies have unanimously approved the transaction, which aims to enhance financial opportunities for users.
Dave, a banking app aimed at enhancing financial opportunities, announced participation in the Deutsche Bank Virtual Technology Conference on September 10, 2021. CFO Kyle Beilman and General Counsel John Ricci will engage in a fireside chat at 2:45pm ET. This event will be streamed live and archived on Dave's investor relations site. Additionally, Dave and VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC) have reached an agreement for a business combination, potentially making Dave a publicly traded entity.
VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC) has amended its PIPE subscription agreement with Alameda Research for a $15 million pre-funding private placement. This will involve Dave issuing a promissory note to Alameda Research, which will be compensated with 1.5 million shares of VPCC upon closing the business combination. The merger, expected to finalize in Q3 or Q4 2021, is aimed at enhancing Dave's marketing initiatives, leveraging its customer base of over 10 million, and advancing financial opportunities within the fintech sector.
Dave announced participation in several virtual investor conferences in August, led by CEO Jason Wilk and CFO Kyle Beilman. This follows the definitive agreement with VPC Impact Acquisition Holdings III (VPCC) for a potential business combination to take Dave public. Key dates include:
- August 10: Wells Fargo 6th Annual FinTech Forum
- August 11: Canaccord Genuity's 41st Annual Growth Conference
- August 12: Credit Suisse 4th Annual FinTech Conference
- August 18: Needham 3rd Annual Virtual FinTech Conference
Live webcasts are available on Dave's investor relations website.
Dave has announced a definitive agreement with VPC Impact Acquisition Holdings III (NYSE: VPCC) for a business combination, leading to Dave becoming publicly traded under the ticker symbol 'DAVE'. The pro forma equity value is approximately $4 billion, contingent on no redemptions. Founded in 2017, Dave provides banking solutions to 10 million customers, helping them avoid overdraft fees and connect with gig jobs. The deal is set to close in Q3 or Q4 2021, pending stockholder and regulatory approvals, and reflects significant investor support for Dave's growth strategy.
VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC.U) announced that from April 26, 2021, holders of the Company's initial public offering units can trade the Class A common stock (VPCC) and redeemable warrants (VPCC WS) separately. No fractional warrants will be issued, and only whole warrants will trade. The units were offered through an underwritten offering, with Citigroup and Jefferies as joint book-running managers. This announcement does not constitute an offer to sell or solicit purchases of these securities without registration under applicable laws.
