Bank of America Dave announces repurchase of $100 million in convertible notes from FTX for $71 million

PRNewswire reported that Dave Inc. in the United States announced that it had reached an agreement with FTX Ventures Ltd. to repurchase $100 million convertible bonds originally issued to FTX at a discounted price of $71 million. The completion conditions of this transaction are the approval of the agreement by the bankruptcy court and FTX not conducting any other transactions of convertible bonds.