Dave receives Nasdaq notice for non-compliance with minimum bid price requirement

Dave Inc./DE

Received Nasdaq notice on July 27, 2022 for failing minimum bid price of $1.00 for 30 consecutive trading days.
Initial compliance period ends January 23, 2023; must close at $1.00+ for 10 consecutive trading days.
May seek additional 180-day period if it transfers to Nasdaq Capital Market and meets other standards.
Company considering a reverse stock split to regain compliance, but no assurance of success.
Annual meeting results: Michael Pope re-elected as Class I director; Deloitte ratified as auditor.

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