Latham & Watkins Represents Placement Agents in PIPE in Connection with Dave’s Plans To Become Publicly Traded via Merger with VPC Impact Acquisition Holdings III, Inc.

Dave, the banking app on a mission to create financial opportunity that advances America’s collective potential, and VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC) (VPCC), a special purpose acquisition company sponsored by Victory Park Capital (VPC), has announced that they have entered into a definitive agreement for a business combination that will result in Dave becoming a publicly traded company listed under the ticker symbol “DAVE,” with an expected pro forma, fully-diluted equity value of approximately US$4 billion, assuming no redemptions. In connection with the deal, institutional investors committed US$210 million in a PIPE led by Tiger Global Management, with participation from Wellington Management and Corbin Capital Partners.

Latham & Watkins LLP represented the placement agents in the PIPE with a capital markets team led by New York partner Erika Weinberg, with New York associates Kathleen Mehary and Alistair Fatheazam.