Dave Inc. (DAVEW) Warrant
Each DAVEW warrant gives the holder the right to buy 1/32 share of Dave Inc. at $368.00 per share, until January 5, 2027. The stock last closed at $346.57, below the strike, so the warrant is out of the money. Dave Inc. has a market value of about $8.84B. There are 6.34M listed warrants; exercising all of them would add 0.8% to the 25.51M shares outstanding. The company can call the warrants if the stock trades at or above $576.00.
Key terms
- Strike per share
- $368.00
- Shares per warrant
- 1/32
- Cash to exercise one warrant
- $11.50
- Expiry
- 2027-01-05
- Redemption trigger
- $576.00
- Cashless exercise
- allowed
- Break-even stock price
- $402.56
From the issuer's S-1/A (2021-02-26).
Company and stock
- Company
- Dave Inc.
- Underlying stock
- DAVE
- Share price
- $346.57
- Market cap
- $8.84B
- Shares outstanding
- 25.51M
- 12-month range
- $155.92 – $442.53
- 12-month change
- +76%
- Value of all listed warrants
- $6.85M (0.1% of market cap)
- Industry
- Finance Services
- Head office
- Los Angeles, CA
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $1.08
- Price / model
Pro will show whether DAVEW is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 25.51M
- Listed warrants
- 6.34M
- Dilution if all exercised
- 0.8%
Warrant count from filing text: public warrants.
Filings and events
- Reverse split 1:32
- Terms source: S-1/A
Questions about DAVEW
When does the DAVEW warrant expire?
DAVEW expires on January 5, 2027.
What is the strike price of DAVEW?
$368.00 per share; each warrant converts into 1/32 share, so exercising one warrant costs $11.50.
Can Dave Inc. redeem the DAVEW warrants early?
Yes. The company can call them if the share price reaches $576.00 for the required period (usually 20 of 30 trading days).
How many DAVEW warrants are outstanding?
6.34M listed warrants, equal to 0.8% dilution if all are exercised.
Related warrants
Get an email when alerts for DAVEW open
Alerts and Pro are not open yet. Leave your email and we will tell you when you can follow DAVEW.