Oportun amends Pathward program; to purchase $115M loan portfolio, simplify structure

Oportun Financial Corp

Pathward to stop retaining Oportun loans by Feb 2026; Oportun to purchase 100% of new loans from Oct 1, 2025.
Initial purchase of existing retained portfolio (~$115M) expected to close Oct 3, 2025.
Oportun expects to use existing warehouse facilities to fund the purchase.
Amendment eliminates derivative accounting associated with program agreement.
Subsequent purchases of remaining Pathward-held loans through Feb 2026.

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