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Challenger bank Dave to go public through $4B SPAC deal
source link: https://fintechranking.com/2021/06/07/challenger-bank-dave-to-go-public-through-4b-spac-deal/
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Challenger bank Dave to go public through $4B SPAC deal
Dave, the banking app on a mission to create financial opportunity that advances America’s collective potential, and VPC Impact Acquisition Holdings III, Inc. (“VPCC”), a special purpose acquisition company sponsored by Victory Park Capital (“VPC”), today announced that they have entered into a definitive agreement for a business combination that will result in Dave becoming a publicly traded company listed under the ticker symbol “DAVE,” with an expected pro forma, fully-diluted equity value of approximately $4 billion, assuming no redemptions.
Read more: BUSINESS WIRE
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