The Chernin Group, Capital One and Kraft Group-backed banking app developer will get a New York Stock Exchange listing through the deal.
US-based banking services provider Dave agreed yesterday to a reverse takeover with special purpose acquisition company VPC Impact Acquisition Holdings III representing exits for corporates Chernin Group, Kraft Group and Capital One.
The deal will value the combined company at about $4bn and it will take up the New York Stock Exchange listing secured by VPC Impact Acquisition Holdings III, which is sponsored by investment manager Victory Park Capital, in a $225m initial public offering in March this year.
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