21 Dec, 2021

VPC Impact to transfer listing to Nasdaq after merger with banking platform Dave

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By Nicole-Anne Lagrimas


Special purpose acquisition company VPC Impact Acquisition Holdings III Inc. will transfer the listing of its class A common stock, warrants and related units from the NYSE to the Nasdaq Global Market, subject to the completion of its business combination with banking app Dave Inc.

The business combination is expected to close on or around Jan. 5, 2022.

Pursuant to the transaction, VPC Impact will change its name to Dave Inc. The companies expect the combined firm's class A common stock and warrants to start trading on the Nasdaq on or about Jan. 6, 2022, under the symbols DAVE and DAVEW, respectively.

VPC Impact's class A common stock and warrants are expected to continue trading on the NYSE until the transfer to the Nasdaq is complete.