---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-002529"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T19:49:00.667955+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dave Inc. effects 1-for-32 reverse stock split to meet Nasdaq bid price requirement

## Summary
- Reverse stock split effective 5:01 PM ET Jan 5, 2023; split-adjusted trading as DAVE on Jan 6.
- Implied post-split price ~$9.44; intended to regain compliance with Nasdaq $1 minimum bid.
- Every 32 shares become 1 share; no fractional shares; cash in lieu for fractional entitlements.
- Proportionate adjustments to equity awards, warrants; authorized shares and par value unchanged.

## SEC filing metadata
- accession: 0001193125-23-002529
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841408/000119312523002529/0001193125-23-002529-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312523002529/d380889d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-002529
- JSON: https://secwatch.observer/filing/0001193125-23-002529.json
- Plain text: https://secwatch.observer/filing/0001193125-23-002529.txt

## Key facts
- Governance Changes
  Dave Inc./DE: 公司通过提交修正证书修订公司章程，以1:32的比例进行反向股票分割 (effective 2023-01-05).
  - Change: charter amendment
  - Effective: 2023-01-05
  source text: On January 5, 2023, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment (the “Certificate of Amendment”) to amend the Company’s Certificate of Incorporation to effect the Reverse Stock Split as of 5:01 p.m., Eastern Time on January 5, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841408/000119312523002529/0001193125-23-002529-index.htm

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