{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-002933","form_type":"8-K","ticker":"DAVE","cik":"0001841408","company_name":"Dave Inc./DE","filed_at":"2024-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.920031+00:00","generated_at":"2026-06-07T03:23:12.135710+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Dave to repurchase $100M convertible note from FTX for $71M cash","bullets":["Dave Inc. agreed to buy back $100M convertible note issued to FTX in March 2022 for $71M, a 29% discount.","Transaction requires approval from the Delaware bankruptcy court; hearing set for January 25, 2024.","CEO Jason Wilk stated Dave has sufficient capital to execute growth plan without raising additional equity.","Closing also conditioned on FTX not entering an alternative sale of the note."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-002933","json":"https://secwatch.observer/filing/0001193125-24-002933.json","markdown":"https://secwatch.observer/filing/0001193125-24-002933.md","text":"https://secwatch.observer/filing/0001193125-24-002933.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1841408/000119312524002933/0001193125-24-002933-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1841408/000119312524002933/d845437d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T03:23:12.135710+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"10d167085471e3c132b606f4d43ebddb58a5cbac","claim":"Dave Inc./DE entered into Purchase Agreement with FTX Ventures Ltd. (FTX) valued at $71.0 million (effective 2024-01-04).","evidence_excerpt":"On January 4, 2024, Dave Inc. (the “Company”) entered into a purchase and sale agreement (the “Purchase Agreement”), pursuant to which the Company agreed to purchase a convertible promissory note in the original principal amount of $100.0 million previously issued by the Company to FTX Ventures Ltd. (“FTX”) on March 21, 2022 (the “Note”) for consideration of $71.0 million in cash, subject to adjustments pursuant to certain events specified in the Purchase Agreement (the “Transaction”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841408/000119312524002933/0001193125-24-002933-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"FTX Ventures Ltd. (FTX)"},{"label":"Value","value":"$71.0 million"},{"label":"Effective","value":"2024-01-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}