secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001193125-26-088439
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312526088439/0001193125-26-088439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312526088439/d864354d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-088439

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