OppFi to acquire BNCCORP for ~$130.7M; completes corporate simplification

OppFi Inc.

Merger consideration: $19.375 cash + 1.90 OppFi shares per BNCC share; total value ~$130.7M.
BNCC stockholders to own ~7% of combined co.; close expected Q4 2026 subject to approvals.
Corporate simplification: all OpCo units exchanged for Class A common; dual-class structure eliminated.
TRA terminated with early termination payment of $40.8M, payable in two installments (May 8, Sep 1, 2026).
Voting agreements cover ~20% of BNCC stock; termination fees: BNCC 3.5%, OppFi 1.5%.

item 1.01 item 1.02 item 3.02 item 7.01 item 9.01

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accession 0001818502-26-000030

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