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Banking app, Dave to go public via merger with VPC Acquisition

Jun. 07, 2021 8:19 AM ETDave Inc. (DAVE)By: SA News Team1 Comment
  • Mark Cuban backed banking app, Dave inks definitive agreement for a business combination with SPAC, VPC Impact Acquisition (VPCC) for becoming public and trade under the symbol, "DAVE" with an expected pro forma, fully-diluted equity value of ~$4B, assuming no redemptions.

  • Combine

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How will the company produce earnings besides customers interest deposit.
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