---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-303917"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2022-12-13T23:59:59+00:00"
generated_at: "2026-06-21T05:39:47.464854+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-303917
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2022-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841408/000119312522303917/0001193125-22-303917-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312522303917/d281798d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-303917
- JSON: https://secwatch.observer/filing/0001193125-22-303917.json
- Plain text: https://secwatch.observer/filing/0001193125-22-303917.txt

## Key facts
- Shareholder Votes
  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
  source text: The votes regarding this proposal were as follows: Votes For Votes Against Votes Abstaining 721,920,285 5,477,555 349,900
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841408/000119312522303917/0001193125-22-303917-index.htm
- Shareholder Votes
  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
  source text: The votes regarding this proposal were as follows: Votes For Votes Against Votes Abstaining 515,908,608 14,595,500 698,881
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841408/000119312522303917/0001193125-22-303917-index.htm

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