secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001193125-22-204939
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312522204939/0001193125-22-204939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312522204939/d278071d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-204939

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