Orrick Advises Dave on SPAC Merger with VPCC


Orrick is advising Dave, a banking and personal finance app, on its definitive agreement to become publicly traded via a 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 an expected pro forma, fully-diluted equity value of approximately $4 billion, assuming no redemptions, will be listed under the ticker symbol “DAVE.” The transaction is expected to close late in the third quarter or in the fourth quarter of 2021.

The Orrick team advising Dave is led by Josh Pollick, Hari Raman and Albert Vanderlaan, and includes Brian Blood, Kaitlin Bagby, Matthew Gemello, Jason Flaherty, J.T. Ho, Steven Malvey, Bill Hughes, Lynne T. Hirata, William Lamb, Katherine Hogan, Isabella Fu, Alexis Savini, Kyle Zhu, Kelsey Craig and Ashleigh Williams.