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Dave Inc. - $DAVE STOCK NEWS

Welcome to our dedicated page for Dave news (Ticker: $DAVE), a resource for investors and traders seeking the latest updates and insights on Dave stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Dave's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Dave's position in the market.

News
Neobank Dave Joins the American Fintech Council to Create Financial Inclusivity in Digital Banking
Rhea-AI Summary
Dave Inc. joins the American Fintech Council to promote financial inclusion and responsible banking in the fintech industry. The company aims to enhance access to banking services for underserved consumers, advocate for transparent regulatory frameworks, and advance innovation in digital banking.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
none
-
News
Dave's Repurchase of FTX Convertible Note for $71 Million Finalized
Rhea-AI Summary
Dave Inc. repurchased a convertible note from FTX Ventures Ltd. at a $35 million discount, relative to a $105.5 million total liability. The purchase price of $71 million represents 67 percent of the outstanding balance as of December 31, 2023. The transaction closed on January 29, 2024, enhancing Dave's ability to deliver on strategic objectives. Dave had $181 million of total liquidity as of September 30, 2023, including cash, cash equivalents, marketable securities, short-term investments, restricted cash, and undrawn capacity on its credit facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.24%
Tags
buyback
-
News
Aisera & Dave Launch DaveGPT, a Generative AI Customer Service Assistant to Enable Personalized On-Demand Support
Rhea-AI Summary
Dave Inc. (DAVE) has partnered with Aisera to create DaveGPT, a generative AI assistant that has increased resolution rates to 89% for customer inquiries. The partnership has led to improved customer satisfaction and retention, as well as increased productivity for customer support agents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.82%
Tags
AI
News
Dave Announces Repurchase of $100 million Convertible Note from FTX for $71 million
Rhea-AI Summary
Dave Inc. (Nasdaq: DAVE) has announced an agreement with FTX Ventures Ltd. to purchase a convertible promissory note at a discounted price of $71 million, originally issued for $100 million. The agreement is subject to approval by the Bankruptcy Court and FTX not pursuing an alternative transaction. Jason Wilk, founder and CEO of Dave, expressed confidence in the capital allocation opportunity and the company's growth plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
buyback
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News
Dave Announces Third Quarter 2023 Results
Rhea-AI Summary
DAVE Raises 2023 Guidance for Non-GAAP Revenue, Non-GAAP Variable Margin and Adjusted EBITDA, Implying Adjusted EBITDA Profitability in Q4 2023 at the Midpoint of the Range. Q3 GAAP Revenue up 7% Q/Q to $65.8 Million; Q3 Non-GAAP Variable Profit up 13% Q/Q. DAVE reports substantial progress towards profitability, with a positive outlook for growth and sustainable business model improvements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.89%
Tags
earnings
-
News
Dave to Report Third Quarter 2023 Results on November 7, 2023 at 4:30 p.m. ET
Rhea-AI Summary
Dave Inc. will host a conference call on November 7, 2023, to discuss its financial results for Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.55%
Tags
conferences earnings
News
Dave Amends Credit Facility to Increase Capacity and Advance Rate, Reduce Cost of Funds, and Extend Maturity
Rhea-AI Summary
Dave Inc. has amended its Delayed Draw Senior Secured Loan Facility, increasing the total size by $50 million to $150 million and extending the maturity by approximately two years to December 15, 2026. The amendment also reduces the cost of funds by nearly 200 basis points. This provides Dave with more leverage, capacity, and term at a lower cost, supporting their growth objectives and liquidity position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
none
-
News
Dave Announces John Ricci's Retirement, Names Joan Aristei as Successor and Chief Legal Officer
Rhea-AI Summary
Dave Inc. announces retirement of General Counsel and appointment of new Chief Legal Officer
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
none
-
News
Dave to Participate at the H.C. Wainwright Global Investment Conference on September 12
Rhea-AI Summary
Dave Inc. to participate in H.C. Wainwright Global Investment Conference, offering on-demand presentation and 1x1 meetings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.87%
Tags
conferences
News
Entities Managed by Imran Khan to Acquire 2.5% Stake in Dave via Secondary Market Transaction
Rhea-AI Summary
Imran Khan, former Chief Strategy Officer at Snap Inc., has acquired 2.5% of Dave's stock and joined their Board of Directors. Khan brings deep experience in operations and capital markets, and has a track record of catalyzing growth at innovative companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
Tags
acquisition
Stock DAVE logo
Dave Inc.

Nasdaq:DAVE

DAVE Rankings

#2972 Ranked by Market Cap
#4607 Ranked by Stock Gains
N/A Ranked by Dividends

DAVE Stock Data

531.84M
6.97M
37.74%
15.25%
4.65%
Software Publishers
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