Monitor the shareholder vote on June 23, 2026, and any regulatory developments. If approved, GDOT shares will convert to cash and New CommerceOne stock. The implied value of the consideration should be tracked against the current GDOT price to assess arbitrage opportunities.
Price Chart
Executive Summary
Green Dot Corp (GDOT) is asking shareholders to vote on a merger with CommerceOne Financial and a separate sale of its non-bank fintech assets. GDOT shareholders receive $8.11 cash plus 0.2215 shares of New CommerceOne per GDOT share, representing a premium over the pre-announcement price of $11.80. The combined company will retain Green Dot Bank, and GDOT will cease to exist as a public company.
Key Financial Metrics
Key Facts
- GDOT shareholders receive $8.11 cash + 0.2215 shares of New CommerceOne per share.
- Pre-announcement GDOT closing price was $11.80 (Nov 21, 2025).
- GDOT shareholders will own ~72.2% of the combined company; CommerceOne shareholders ~27.8%.
- Board unanimously recommends approval; special meeting on June 23, 2026.
- Deal includes $690 million sale of non-bank assets to Payments Buyer (affiliate of Smith Ventures).
- Termination fee: $27M from GDOT if it backs out; $3.5M reverse termination fee from CommerceOne.
- Appraisal rights available for GDOT shareholders under DGCL.
- Expected closing in Q2 2026, subject to regulatory and shareholder approvals.
Financial Impact
Total consideration for GDOT equity is approximately $8.11 per share in cash plus 0.2215 shares of New CommerceOne, implying a value of approximately $10.73 per GDOT share based on implied New CommerceOne share price calculation.
Risk Factors
- Shareholder approval may not be obtained (requires majority of outstanding shares).
- Regulatory approvals may impose conditions or delay closing.
- Market value of New CommerceOne stock is uncertain after deal closes.
- Litigation or appraisal demands could delay or alter terms.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFM14A Filing (Primary) | 0001140361-26-020056 |
| Document: ny20062448x1_defm14a.htm | 0001140361-26-020056 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 8-K | $13.41 $13.01 | ▼ −2.98% | ▼ −1.92% | $12.50 (−6.79%) |
Jun 24, 2026 14w ago | 8-K | $13.54 $13.29 | ▼ −1.85% | ▼ −3.78% | $12.50 (−7.68%) |
Jun 16, 2026 15w ago | 8-K | $12.95 $13.33 | ▲ +2.93% | ▲ +2.73% | $12.50 (−3.47%) |
May 8, 2026 21w ago | DEFM14A | $12.42 $12.75 | ▲ +2.66% | ▲ +2.96% | $12.50 (+0.64%) |
Apr 30, 2026 22w ago | 10-K/A | $12.62 $12.77 | ▲ +1.19% | ▼ −4.08% | $12.50 (−0.95%) |
Apr 7, 2026 25w ago | 8-K | $11.47 $12.49 | ▲ +8.89% | ▲ +0.35% | $12.50 (+8.98%) |
US Market Status
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