M&A - GREEN DOT CORP

Form Type: SCHEDULE 13D/A

Filing Date: 2025-03-28

Corporate Action: Acquisition

Type: Update

Accession Number: 000092189525000917

Filing Summary: On March 28, 2025, Steel Connect Sub LLC, a subsidiary of Steel Partners Holdings L.P., reported ownership of 3,773,000 shares of Class A common stock of Green Dot Corp, representing approximately 7.0% of the outstanding shares. The shares were acquired for an aggregate purchase price of about $34,997,416. The Reporting Persons believe that the shares were undervalued at the time of purchase. They have expressed intentions to potentially increase or decrease their position in Green Dot, depending on market conditions and strategic considerations. Additionally, on the same date, an affiliate of the Reporting Persons entered into a Non-Disclosure Agreement with Green Dot, which involves mutual confidentiality and standstill provisions, enabling discussions regarding possible acquisition opportunities relating to certain assets or businesses of Green Dot. The document amends prior items to reflect these updates and includes transactions in securities and the inclusion of the Non-Disclosure Agreement as an exhibit.

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