Dave prices $175 million convertible notes offering
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Dave Announces Pricing of $175 Million 0% Convertible Notes
March 5, 2026 12:40 AM ESTCompany entered into capped call transactions to increase effective conversion premium to 100% Â
Company to repurchase approximately 334,000 shares of common stock using approximately $70.5 million of net proceeds
Los Angeles, March 05, 2026 (GLOBE NEWSWIRE) -- Dave Inc. (Nasdaq: DAVE) (Dave or the Company) today announced the pricing of an offering of $175 million principal amount of its 0% Convertible Senior Notes due 2031 (the notes) through a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of... More
