2024-01-07
Dave Announces Repurchase of $100 million Convertible Note from FTX for $71 million The debtor did a really good job getting back that amount. https://www.prnewswire.com/... [image]
Cointelegraph
Neobank Dave reaches an agreement to pay $71M to FTX liquidators to buy back a $100M convertible promissory note that the neobank issued to FTX Ventures in 2022
Fintech firm Dave will purchase a convertible promissory note worth $100 million at a discounted rate, paying $71 million to FTX liquidators.