Green Dot jumps on buyout deal with Smith Ventures, CommerceOne
ReutersNov 24, 2025 12:33 PM
Digital bank Green Dot's GDOT.N shares jump 15.7% to $13.65 premarket
GDOT announces it has agreed to be bought by private equity firm Smith Ventures and private bank CommerceOne Financial
As part of deal, each GDOT share will be exchanged for $8.11 in cash and 0.2215 shares of new publicly traded bank holding company that will own CommerceOne's existing business
Implied value of deal to GDOT shareholders estimated to be nearly $14.23 to $19.18 per share
Smith Ventures will buy GDOT's non-bank financial technology business assets and operations from CommerceOne in a $690 million all-cash deal
GDOT will distribute $470 million to its shareholders from the purchase price
As of last close, GDOT stock up ~11% YTD
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