secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001193125-26-098802
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave Inc. closes $200M 0% convertible notes offering, repurchases $70.5M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312526098802/0001193125-26-098802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312526098802/d108294d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-098802

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