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Dave Inc.

🌱 Survivor
$DAVEFinancial ServicesSPAC Year: 2021

Trust Size

$487M

Peak Price

$491.07

Current Price

$199.00

Return

+2053.6%

Price Journey

$10 IPO$491.07 peak$199.00

What Happened

Dave is a neobank and fintech company that offers banking services, cash advances, and budgeting tools through its mobile app, targeting Americans who are underserved by traditional banks.

Dave went public in January 2022 through a merger with VPC Impact Acquisition Holdings III at a $4 billion valuation. The company was founded to help consumers avoid overdraft fees through small cash advances. After the stock plummeted over 99% from its highs, Dave staged one of the most remarkable SPAC comebacks — the company achieved profitability, grew revenue rapidly, and was named the top-performing financial stock of 2024 by CNBC, with shares surging from under $10 to nearly $100.

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Timeline

2021-02-26

S-1 Registration Filed

🔀 Reverse Stock Split

Reverse split ratio: . Reverse splits are used to avoid delisting but destroy shareholder value through the illusion of a higher stock price.

SEC Filing Details

CIK Number

1841408

Total SEC Filings

376

Last Filing Date

2026-03-20

Business Location

Chicago, IL

Trust/Asset Size

$487M

Data sourced from SEC EDGAR Company Facts API and EFTS search index.

📄 SEC Filings

View all EDGAR filings for Dave Inc.

View on SEC.gov →
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