secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0001193125-22-003118
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi board authorizes $20M share repurchase program through December 2023
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- Board authorized up to $20M of Class A common stock repurchases, expiring December 2023.
- Repurchases may be made on open market or in private transactions at management's discretion.
- Program does not obligate any purchases; may be modified, suspended, or discontinued at any time.
- Each share repurchased triggers redemption of one Class A unit of subsidiary Opportunity Financial.
- Executive Chairman Todd Schwartz cites belief that share price is disconnected from long-term value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000119312522003118/0001193125-22-003118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000119312522003118/d281522d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-003118

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer