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GlobeNewswire·

GDOT Alert: Monsey Firm of Wohl & Fruchter Renews Investigation of the Proposed Sale of Green Dot Corporation

  • Wohl & Fruchter LLP renewed its investigation into the fairness of Green Dot Corporation's proposed sale on May 13, 2026.
  • The proposed transaction is a complex 2-step deal scheduled for a shareholder vote on June 23, 2026.
  • CommerceOne Bank will acquire Green Dot for $8.11 per share in cash & 0.2215 shares of a new publicly traded bank holding company.
  • The new bank holding company will simultaneously sell Green Dot's fintech & embedded finance business to Smith Ventures LLC for $690 million in cash.
  • The firm renewed its review after examining the definitive proxy filed by Green Dot with the SEC on May 8, 2026.
  • Shareholders questioning the deal's fairness may contact the firm at no charge via phone, email, or their website.