---
schema_version: "secwatch.filing_event.v1"
accession: "0001818502-26-000030"
form_type: "8-K"
ticker: "OPFI"
cik: "0001818502"
company_name: "OppFi Inc."
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T02:22:39.065024+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001818502-26-000030
- form_type: 8-K
- ticker: OPFI
- cik: 0001818502
- company_name: OppFi Inc.
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818502/000181850226000030/0001818502-26-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818502/000181850226000030/opfi-20260428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818502-26-000030
- JSON: https://secwatch.observer/filing/0001818502-26-000030.json
- Plain text: https://secwatch.observer/filing/0001818502-26-000030.txt

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