---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-224403"
form_type: "8-K"
ticker: "OPFI"
cik: "0001818502"
company_name: "OppFi Inc."
filed_at: "2021-07-26T23:59:59+00:00"
generated_at: "2026-06-30T02:42:24.521641+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FG New America completes business combination with OppFi; combined entity renamed OppFi Inc.

## Summary
- 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%.

## SEC filing metadata
- accession: 0001193125-21-224403
- form_type: 8-K
- ticker: OPFI
- cik: 0001818502
- company_name: OppFi Inc.
- filed_at: 2021-07-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 2.01, 9.01, 3.02, 3.03, 5.01, 5.02, 5.03, 5.05, 5.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818502/000119312521224403/0001193125-21-224403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818502/000119312521224403/d93222d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-224403
- JSON: https://secwatch.observer/filing/0001193125-21-224403.json
- Plain text: https://secwatch.observer/filing/0001193125-21-224403.txt

## Key facts
- Executive change
  Theodore Schwartz was appointed as Director at OppFi Inc..
  - Action: appointed
  - Role: Director
  source text: Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818502/000119312521224403/0001193125-21-224403-index.htm
- Executive change
  Todd Schwartz was appointed as Executive Chairman of the Board at OppFi Inc..
  - Action: appointed
  - Role: Executive Chairman of the Board
  source text: Todd Schwartz was appointed Executive Chairman of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818502/000119312521224403/0001193125-21-224403-index.htm
- Executive change
  Jocelyn Moore was appointed as Director at OppFi Inc..
  - Action: appointed
  - Role: Director
  source text: Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818502/000119312521224403/0001193125-21-224403-index.htm
- Executive change
  David Vennettilli was appointed as Director at OppFi Inc..
  - Action: appointed
  - Role: Director
  source text: Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818502/000119312521224403/0001193125-21-224403-index.htm
- Executive change
  Greg Zeeman was appointed as Director at OppFi Inc..
  - Action: appointed
  - Role: Director
  source text: Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818502/000119312521224403/0001193125-21-224403-index.htm
- Executive change
  Jared Kaplan was appointed as Director at OppFi Inc..
  - Action: appointed
  - Role: Director
  source text: Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818502/000119312521224403/0001193125-21-224403-index.htm
- Executive change
  Christina Favilla was appointed as Director at OppFi Inc..
  - Action: appointed
  - Role: Director
  source text: Todd Schwartz, Theodore Schwartz, Jared Kaplan, Christina Favilla, Jocelyn Moore, David Vennettilli and Greg Zeeman were appointed as directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818502/000119312521224403/0001193125-21-224403-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.