Dave Inc. (“Dave” or the “Company”), the banking app on a
mission to create financial opportunity that advances America’s
collective potential, today announced that Kyle Beilman, CFO, and
John Ricci, General Counsel, will be participating in the Deutsche
Bank Virtual Technology Conference today, September 10, 2021. The
fireside chat will begin at 2:45pm ET and will be available via
live webcast and archived replay on Dave’s investor relations
website at https://investor.dave.com. Dave and VPC Impact
Acquisition Holdings III, Inc. (NYSE: VPCC), a special purpose
acquisition company sponsored by Victory Park Capital, recently
entered into a definitive agreement for a business combination that
could result in Dave becoming a publicly traded company.
About Dave Dave is a banking app on a mission to create
financial opportunity that advances America’s collective potential.
Dave's financial tools, including its debit card and spending
account, help more than 10 million customers bank, budget, avoid
overdraft fees, find work and build credit. For more information,
visit www.dave.com.
About VPC Impact Acquisition Holdings III, Inc. VPC
Impact Acquisition Holdings III, Inc.’s acquisition and value
creation strategy is to identify, partner with and help grow a
business in the Fintech industry headquartered or with operations
in the United States. The Company’s sponsor is an affiliate of
Victory Park Capital, a global investment firm with a long track
record of executing debt and equity financing transactions with
some of the largest global Fintech companies. The firm was founded
in 2007 and is headquartered in Chicago with additional resources
in New York, Los Angeles and Austin. Victory Park Capital is
privately held and a Registered Investment Advisor with the SEC.
For more information, please visit:
www.victoryparkcapital.com/vih/vpc-impact-acquisition-holdings-iii/
Additional Information and Where to Find It In connection
with the proposed transaction (the “Proposed Transaction”), VPC
Impact Acquisition Holdings III, Inc. (“VPCC”) intends to file a
registration statement on Form S-4 that will include a proxy
statement/prospectus of VPCC. This press release is not a
substitute for the proxy statement/prospectus, that will be both
the proxy statement to be distributed to holders of VPCC’s common
stock in connection with its solicitation of proxies for the vote
by VPCC’s stockholders with respect to the Proposed Transaction and
other matters as may be described in the registration statement, as
well as the prospectus relating to the offer and sale of the
securities to be issued in connection with the Proposed
Transaction. This document does not contain all the information
that should be considered concerning the Proposed Transaction and
is not intended to form the basis of any investment decision or any
other decision in respect of the Proposed Transaction. VPCC’s
stockholders and other interested persons are advised to read, when
available, the preliminary proxy statement/prospectus included in
the registration statement and the amendments thereto and the
definitive proxy statement/prospectus and other documents filed in
connection with the Proposed Transaction, as these materials will
contain important information about Dave, VPCC and the Proposed
Transaction.
Investors and security holders and other interested parties are
urged to read the proxy statement/prospectus and any other relevant
documents that are filed or will be filed with the SEC, as well as
any amendments or supplements to these documents, carefully and in
their entirety when they become available because they contain or
will contain important information about Dave, VPCC, the Proposed
Transaction and related matters.
When available, the definitive proxy statement/prospectus and
other relevant materials for the Proposed Transaction will be
mailed to stockholders of VPCC as of a record date to be
established for voting on the Proposed Transaction. VPCC’s
stockholders will also be able to obtain copies of the preliminary
proxy statement/prospectus, the definitive proxy
statement/prospectus and other documents filed with the SEC,
without charge, once available, at the SEC’s website at
www.sec.gov. These documents (when they are available) can also be
obtained free of charge from VPCC upon written request to VPCC by
emailing vih3info@victoryparkcapital.com or by directing a request
to VPCC’s secretary at c/o Victory Park Capital Advisors, LLC, 150
North Riverside Plaza, Suite 5200, Chicago, IL 60606.
No Offer or Solicitation This communication is for
informational purposes only and is not intended to and shall not
constitute an offer to sell or the solicitation of an offer to sell
or the solicitation of an offer to buy or subscribe for any
securities or a solicitation of any vote of approval, nor shall
there be any sale, issuance or transfer of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended, and otherwise in accordance with applicable law.
Participants in Solicitation This communication is not a
solicitation of a proxy from any investor or securityholder.
However, VPCC, Dave, and certain of their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from VPCC’s stockholders in connection with
the Proposed Transaction under the rules of the SEC. Information
regarding VPCC directors and executive officers may be found in its
registration statement on Form S-1, including amendments thereto,
relating to its initial public offering, and other reports which
are filed with the SEC. Additional information regarding the
participants will also be included in the registration statement on
Form S-4 that includes the preliminary proxy statement/prospectus,
when it becomes available. When available, these documents can be
obtained free of charge from the sources indicated above.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements include, but are not limited to, statements about
future financial and operating results, our plans, objectives,
expectations and intentions with respect to future operations,
products and services; and other statements identified by words
such as “will likely result,” “are expected to,” “will continue,”
“is anticipated,” “estimated,” “believe,” “intend,” “plan,”
“projection,” “outlook” or words of similar meaning. These
forward-looking statements include, but are not limited to,
statements regarding Dave’s industry and market sizes, future
opportunities for VPCC, Dave and the combined company, VPCC’s and
Dave’s estimated future results and the Proposed Transaction,
including the implied enterprise value, the expected transaction
and ownership structure and the likelihood and ability of the
parties to successfully consummate the Proposed Transaction. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results anticipated in these
forward-looking statements.
In addition to factors previously disclosed in VPCC’s reports
filed with the SEC and those identified elsewhere in this
communication, the following factors, among others, could cause
actual results and the timing of events to differ materially from
the anticipated results or other expectations expressed in the
forward-looking statements: (i) inability to meet the closing
conditions to the Proposed Transaction, including the occurrence of
any event, change or other circumstances that could give rise to
the termination of the definitive agreement; (ii) the inability to
complete the Proposed Transaction due to the failure to obtain
approval of VPCC’s stockholders or Dave’s members, the failure to
achieve the minimum amount of cash available following any
redemptions by VPCC’s stockholders or the failure to meet the
national stock exchange’s listing standards in connection with the
consummation of the Proposed Transaction; (iii) costs related to
the Proposed Transaction; (iv) a delay or failure to realize the
expected benefits from the Proposed Transaction; (v) risks related
to disruption of management time from ongoing business operations
due to the Proposed Transaction; (vi) the impact of the ongoing
COVID-19 pandemic; (vii) changes in the markets in which Dave
competes, including with respect to its competitive landscape,
technology evolution or regulatory changes; (viii) changes in the
markets that Dave targets; (ix) risk that Dave may not be able to
execute its growth strategies, including identifying and executing
acquisitions; (x) risks relating to data security; and (xi) risk
that Dave may not be able to develop and maintain effective
internal controls. The foregoing list of factors is not exhaustive.
You should carefully consider the foregoing factors and the other
risks and uncertainties described in the “Risk Factors” section of
VPCC’s final prospectus dated March 4, 2021 relating to its initial
public offering, the registration statement on Form S-4 and proxy
statement/prospectus discussed above, when available, and other
documents filed by VPCC from time to time with the SEC. These
filings identify and address, or will identify and address, other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements.
Actual results, performance or achievements may differ
materially, and potentially adversely, from any projections and
forward-looking statements and the assumptions on which those
forward-looking statements are based. There can be no assurance
that the data contained herein is reflective of future performance
to any degree. You are cautioned not to place undue reliance on
forward-looking statements as a predictor of future performance as
projected financial information and other information are based on
estimates and assumptions that are inherently subject to various
significant risks, uncertainties and other factors, many of which
are beyond our control. All information set forth herein speaks
only as of the date hereof in the case of information about VPCC
and Dave or the date of such information in the case of information
from persons other than VPCC or Dave, and we disclaim any intention
or obligation to update any forward-looking statements as a result
of developments occurring after the date of this communication.
Forecasts and estimates regarding Dave’s industry and end markets
are based on sources we believe to be reliable, however there can
be no assurance these forecasts and estimates will prove accurate
in whole or in part. Annualized, pro forma, projected and estimated
numbers are used for illustrative purpose only, are not forecasts
and may not reflect actual results.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210910005464/en/
Dave
Media press@dave.com
Investors DaveIR@icrinc.com
VPC Impact Acquisition Holdings III, Inc.
Media Jordan Niezelski, Edelman jordan.niezelski@edelman.com
Investors vih3info@victoryparkcapital.com
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