8-K
filed July 26, 2021, 7:59 PM ET
ticker OPFI
CIK 0001818502
M&A
confidence high
sentiment neutral
materiality 0.70
FG New America completes business combination with OppFi; combined entity renamed OppFi Inc.
OppFi Inc.
- Aggregate consideration ~$806.5M: $91.6M cash plus 96.99M shares of newly authorized Class V voting stock.
- Post-combination: 12.98M Class A common shares outstanding (public float); Class V shares have voting but no economic rights.
- OppFi members subject to 9-month lock-up; Founder Holders subject to 24-month lock-up on certain shares.
- Tax Receivable Agreement grants members 90% of future tax savings from increased tax basis.
- OppFi Q1 2021: revenue $84.3M, earnings before taxes $24.4M; auto-approval rate improved to 41.3%.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Theodore Schwartz was appointed as Director at OppFi Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Todd Schwartz was appointed as Executive Chairman of the Board at OppFi Inc..
- Action
- appointed
- Role
- Executive Chairman of the Board
Exact text from the filing
Todd Schwartz was appointed Executive Chairman of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jocelyn Moore was appointed as Director at OppFi Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Vennettilli was appointed as Director at OppFi Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Greg Zeeman was appointed as Director at OppFi Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jared Kaplan was appointed as Director at OppFi Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christina Favilla was appointed as Director at OppFi Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
View on SEC.gov
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