Dave stockholders approve reverse split (1:5-1:50) and equity plan increase to 86.7M shares

Dave Inc./DE

Reverse stock split authorized at board's discretion; ratio range 1-for-5 to 1-for-50, expires Dec 31, 2023.
Equity plan shares increased from 41.8M to 86.7M; auto-annual increase based on combined Class A and V common stock.
Reverse split vote: 721.9M for, 5.5M against, 349.9k abstain; equity plan vote: 515.9M for, 14.6M against, 698.9k abstain.
Quorum of 77.1% represented at special meeting held Dec 13, 2022.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Dave Inc./DE shareholders approved Approval of amendment to the Company's Second Amended and Restated Certificate of Incorporation to effect a reverse stock split at a ratio of 1-for-5 to 1-for-50, at the discretion of the Board..

Proposal: reverse split
Outcome: passed

Exact text from the filing

The votes regarding this proposal were as follows: Votes For Votes Against Votes Abstaining 721,920,285 5,477,555 349,900

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Dave Inc./DE shareholders approved Approval of amendment and restatement of the EIP to increase the number of shares issuable from 41,774,592 to 86,715,222 and make administrative changes..

Proposal: equity plan
Outcome: passed

Exact text from the filing

The votes regarding this proposal were as follows: Votes For Votes Against Votes Abstaining 515,908,608 14,595,500 698,881

View on SEC.gov

Browse all shareholder votes →

Dave Inc./DE filing history →

Source: SEC EDGAR

accession 0001193125-22-303917

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.