secwatch.observer — SEC 8-K summary
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Issuer:     GREEN DOT CORP (GDOT)
CIK:        0001386278
Form:       8-K
Filed at:   2025-11-24T23:59:59+00:00
Accession:  0001140361-25-043028
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386278/000114036125043028/0001140361-25-043028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386278/000114036125043028/ef20059885_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-043028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer