Dave's Repurchase of FTX Convertible Note for $71 Million Finalized
Dave(DAVE) Prnewswire·2024-01-30 22:00
Note Repurchase at a $35 Million Discount Relative to $105.5 Million Total Liability Transaction Capitalizes on Strength of Balance Sheet and Enhances Ability to Deliver on Strategic Objectives LOS ANGELES, Jan. 30, 2024 /PRNewswire/ -- Dave Inc. ("Dave" or the "Company") (Nasdaq: DAVE), one of the nation's leading neobanks, today announced the closing of its transaction with FTX Ventures Ltd. ("FTX") to repurchase a convertible note (the "Note") that it issued to FTX with an original principal balance of $ ...