Dave Announces Repurchase of $100 Million Convertible Note from FTX for $71 Million
Dave, one of the nation’s leading neobanks, announced it has reached an agreement with FTX Ventures Ltd. (“FTX”) to purchase a convertible promissory note that it previously issued to FTX in the original principal amount of $100 million, for a discounted purchase price of $71 million. FTX filed a motion in......