secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0001193125-23-002529
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312523002529/0001193125-23-002529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312523002529/d380889d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-002529

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer