Green Dot jumps on buyout deal with Smith Ventures, CommerceOne

Green Dot

24/11/2025 12:33

** 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

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))