DAVEW

Dave Inc. warrants are derivative securities granting holders the right to purchase shares of the company's common stock at a specified strike price. Each warrant permits the holder to buy one share of common stock upon exercise, subject to the terms outlined in the warrant agreement. These warrants were issued as part of Dave's SPAC merger transaction that took the company public. The warrants trade separately from the common stock and provide a leveraged investment vehicle tied to Dave's equity performance.