---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-204939"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2022-07-28T23:59:59+00:00"
generated_at: "2026-06-24T07:41:19.778231+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-204939
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2022-07-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841408/000119312522204939/0001193125-22-204939-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312522204939/d278071d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-204939
- JSON: https://secwatch.observer/filing/0001193125-22-204939.json
- Plain text: https://secwatch.observer/filing/0001193125-22-204939.txt

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