VPC Impact Acquisition Holdings III said its shareholders voted in favor of merging with Dave, a banking app.
Approximately 96.2% of the votes cast at the meeting were for approval of the deal, which values the combined enterprise at $4 billion.
Neither the press release nor an 8-K filing mentioned redemptions, if any, although the SPAc had traded above $10 through the redemption deadline.
The business combination is expected to close today, subject to the satisfaction or waiver of customary closing conditions.
Stock and warrants are expected to begin trading tomorrow on the Nasdaq under the symbols “DAVE” and “DAVEW.” Read more.
