Dave Inc. issues USD 200 million 0% convertible senior notes due 2031

Reuters03-10

<a href="https://laohu8.com/S/DAVE">Dave Inc</a>. issues USD 200 million 0% convertible senior notes due 2031

Dave completed a private Rule 144A offering of USD 200 million of 0% convertible senior notes due 2031. Net proceeds were about USD 192.1 million, before deducting USD 17.3 million for capped call transactions. The company used about USD 70.5 million of proceeds to repurchase around 0.3 million Class A shares. The notes mature on April 1, 2031, and are convertible at an initial conversion price of about USD 279.13 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dave Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-098802), on March 09, 2026, and is solely responsible for the information contained therein.

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