Company: GDOT
Filing Date: 2025-11-24
Form Type: 425
Source: 0001140361-25-043029
Chunk: 21

Company: GREEN DOT CORP
Filing Date: 2025-11-24
Form: 425
Chunk 21
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 and is not intended to, and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Non-GAAP Financial Measures This presentation includes non-GAAP financial measures including Tangible Book Value. These non-GAAP financial measures are in addition to, and not as a substitute for or superior to measures of financial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures. For example, other companies may calculate similarly-titled non-GAAP financial measures differently. Green Dot Corporation Green Dot’s Strategic Transformation Two-part transaction following 6-month+ review of strategic alternatives which included discussions with FinTechs, Consumer Lenders, Banks, and Financial Sponsors. ~72% Ownership GDOT Shareholders ~28% Ownership CommerceOne Shareholders 4 “MSA” Long-Term Commercial Partnership Sale of GreenDot’s Embedded Finance OpCo. BaaS SBTPG Consumer PayCard GDN To be Sold to Total OpCo. Purchase Price(2) $690mm Publicly-Traded Combined BankCo. TBV(1) $490mm Total Deposits $5.5bn Total Assets $6.3bn Source: Factset, Company filings. Note: Market data as of November 21, 2025. Financial metrics reflect combined estimated post-transaction values as of June 30, 2026, estimated close for illustrative purposes. TBV denotes Tangible Book Value. (1) Includes impact of $155mm capital infusion. (2) Includes equity purchase price of $625mm plus retirement of $65mm of GDOT unsecured notes. (3) Implied aggregate value and implied value per share based on $470mm in cash ($8.11 per share) plus GDOT share of combined BankCo assuming an illustrative multiple range of 1.00x (tangible book value) – 1.81x (median of selected peers) applied to ~$490mm of combined tangible book value, at 72.2% pro forma ownership, and fully diluted shares outstanding of 57.972mm