{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-098802","form_type":"8-K","ticker":"DAVE","cik":"0001841408","company_name":"Dave Inc./DE","filed_at":"2026-03-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.495530+00:00","generated_at":"2026-05-15T18:08:47.943401+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Dave Inc. closes $200M 0% convertible notes offering, repurchases $70.5M shares","bullets":["Issued $200M aggregate principal of 0% Convertible Senior Notes due 2031, net proceeds ~$192.1M.","Used $70.5M of proceeds to repurchase ~0.3M shares at $210.67 per share.","Entered capped call transactions covering ~0.7M shares with cap price initially $421.34/share to offset dilution.","Notes convertible at initial rate of 3.5825 shares per $1,000 (initial conversion price ~$279.13).","Remaining net proceeds for general corporate purposes, including additional buybacks."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-098802","json":"https://secwatch.observer/filing/0001193125-26-098802.json","markdown":"https://secwatch.observer/filing/0001193125-26-098802.md","text":"https://secwatch.observer/filing/0001193125-26-098802.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1841408/000119312526098802/0001193125-26-098802-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1841408/000119312526098802/d108294d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T18:08:47.943401+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":"2726be9bc6d0487cffd390e2284e76438080f6f7","claim":"Dave Inc./DE incurred convertible notes of $200 million aggregate principal amount with U.S. Bank Trust Company, National Association at 0% maturing April 1, 2031.","evidence_excerpt":"(the “Additional Notes” and, together with the Base Notes, the “Notes”). On March 5, 2026, the initial purchasers elected to exercise the option in full and a total of $200 million aggregate principal amount of Notes were issued on March 9, 2026. The Notes were offered only to persons reasonably believed to be qualified institutional buyers (as defined in","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841408/000119312526098802/0001193125-26-098802-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$200 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"0%"},{"label":"Maturity","value":"April 1, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"87f5fdbf2a3395d2e0d370989acca2ddcc92d40d","claim":"Dave Inc./DE entered into Indenture with U.S. Bank Trust Company, National Association valued at $200 million aggregate principal amount (effective 2026-03-09).","evidence_excerpt":"The Company issued the Notes under an indenture, dated as of March 9, 2026 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1841408/000119312526098802/0001193125-26-098802-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$200 million aggregate principal amount"},{"label":"Effective","value":"2026-03-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}