Orrick Advises Dave on SPAC Merger with VPCC

January.06.2022

Orrick advised Dave, a banking and personal finance app, on its business combination with VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC), a special purpose acquisition company sponsored by Victory Park Capital. The combined company, with a pro forma, fully-diluted equity value of approximately $4 billion, changed its name to “Dave Inc.” and its Class A common stock and public warrants begin trading on the Nasdaq Global Market under the symbols “DAVE” and “DAVEW,” respectively, on January 6, 2022.

The Orrick team advising Dave is led by Josh Pollick, Hari Raman and Albert Vanderlaan, and includes Andrew Allen, Emeka Anyanwu, Taylor Ball, Brian Blood, Kaitlin Bagby, Jennifer Clarke-Smith, Kelsey Craig, Jason Flaherty, Isabella Fu, Lynne Hirata, J.T. Ho, Steven Malvey, Jake Routhier, Alexis Savini, Ashleigh Williams and Kyle Zhu.