Dave Inc. announces $150M Convertible Senior Notes offering due 2031, with capped call and share repurchase

Dave Inc./DE

Offers $150M principal of 5-year convertible notes due 2031, with initial purchasers' option for additional $22.5M.
Interest payable semi-annually on April 1 and October 1, beginning October 1, 2026; notes mature April 1, 2031.
Proceeds used to fund capped call transactions, repurchase shares from note purchasers, and general corporate purposes.
Capped call transactions expected to reduce potential dilution upon conversion; concurrent share repurchase at pricing closing price.
Notes offered only to QIBs in reliance on Rule 144A; not registered under Securities Act or state law.

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