Ticker LaunchSPAC · Merger completed
VPC Impact Acquisition Holdings III, Inc.
Business combination with Dave Inc.
VPC Impact Acquisition Holdings III, Inc. is a blank-check company (SPAC) that raised $225M in its initial public offering on Mar 8, 2021, listing on New York Stock Exchange. It completed its business combination with Dave Inc. on Jan 5, 2022; the combined company is Dave Inc. (DAVE). Grosvenor Capital led the IPO, with Ryan Specialty and McKinsey & Company. White & Case advised the SPAC and Kirkland & Ellis advised the underwriters on the IPO.
Dave Inc. operates a banking app with a mission to create financial opportunity and advance America's collective potential. It is the target of a proposed business combination with a special purpose acquisition company.
- Status
- Merger completed
- IPO date
- Mar 8, 2021
- IPO size
- $225M
- IPO exchange
- New York Stock Exchange
- Target
- Dave Inc. (Old Dave)
- Announced
- Aug 17, 2021
- Closed
- Jan 5, 2022
- Combined company
- Dave Inc. (DAVE)
- IPO underwriters
- Grosvenor Capital, Ryan Specialty, McKinsey & Company and Goldman Sachs
- SPAC counsel (IPO)
- White & Case
- Underwriters' counsel (IPO)
- Kirkland & Ellis
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Mar 8, 2021
- Deal announcement (8-K) Aug 17, 2021
- Press release
- All filings on EDGAR CIK 1841408
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