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.
DAVE vs strike, last 12 months
No share-price history for DAVE yet.
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
- Value of all listed warrants
- $6.85M (0.1% of market cap)
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $1.08
- Price / model
Get Pro to see whether DAVEW is cheap or rich against our model.
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.