---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-043028"
form_type: "8-K"
ticker: "GDOT"
cik: "0001386278"
company_name: "GREEN DOT CORP"
filed_at: "2025-11-24T23:59:59+00:00"
generated_at: "2026-05-16T17:16:32.647869+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Green Dot to sell non-bank assets to Smith Ventures for $690M, merge bank with CommerceOne

## Summary
- Each GDOT share exchanged for $8.11 cash + 0.2215 shares of new bank holding co.; implied value $14.23–$19.18/share.
- Smith Ventures to acquire Green Dot's fintech operations for $690M cash; $470M distributed to GDOT shareholders, $155M injected into bank.
- CommerceOne to acquire Green Dot Bank; combined bank holding co. will be publicly traded; GDOT shareholders own ~72%, CommerceOne ~28%.
- Fintech and combined bank to enter 7-year exclusive issuing-bank agreement.
- Transaction expected to close Q2 2026; subject to shareholder and regulatory approvals.

## SEC filing metadata
- accession: 0001140361-25-043028
- form_type: 8-K
- ticker: GDOT
- cik: 0001386278
- company_name: GREEN DOT CORP
- filed_at: 2025-11-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1386278/000114036125043028/0001140361-25-043028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1386278/000114036125043028/ef20059885_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-043028
- JSON: https://secwatch.observer/filing/0001140361-25-043028.json
- Plain text: https://secwatch.observer/filing/0001140361-25-043028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.