VPC Impact Acquisition Holdings III, Inc.
announcedU=S+W/4W=S@11.50
DAVE
Capital Structure & Economics
Trust Size$225,000,000
Unit Price$10.00
Warrant Coverage1/4
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
25% Warrant Inclusion| Public Trust Allocation | $225,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedJan 29, 2021
SearchingTarget Pending
Maturation Wall
N/A
Announced Target / M&A
- Target CompanyDave Inc.
- SectorFintech
- Announced Deal Size$3,500,000,000
Board & Officers
- Jason WilkCEO
- Officer
- Officer
- Victory Park Capital Advisors, LLC(3)Officer
- Director
- Director
- Janet KloppenburgDirector
- Peter OffenhauserDirector
- Kurt SummersDirector
- Director
Advanced Structuring Terms
| Target Sectors | Fintech |
Syndicate & Advisors
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.