OppFi Inc. Files 8-K Report
Ticker: OPFI-WT · Form: 8-K · Filed: Jul 24, 2024 · CIK: 1818502
| Field | Detail |
|---|---|
| Company | Oppfi Inc. (OPFI-WT) |
| Form Type | 8-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure
TL;DR
OppFi filed an 8-K, no big news yet but keep an eye on them.
AI Summary
On July 21, 2024, OppFi Inc. filed an 8-K report detailing "Other Events." The filing does not contain specific financial figures or new agreements but serves as a notification of events relevant to the company's operations. OppFi Inc., formerly FG New America Acquisition Corp., is headquartered in Chicago, Illinois.
Why It Matters
This filing indicates that OppFi Inc. is making a regulatory disclosure, which could be a precursor to or follow-up on significant corporate actions or events.
Risk Assessment
Risk Level: low — The filing is a standard procedural disclosure without immediate financial implications or significant new information.
Key Players & Entities
- OppFi Inc. (company) — Registrant
- FG New America Acquisition Corp. (company) — Former name of registrant
- July 21, 2024 (date) — Date of earliest event reported
- 130 E. Randolph Street, Suite 3400 Chicago, Illinois 60601 (address) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing for OppFi Inc.?
The primary purpose of this 8-K filing is to report "Other Events" as of July 21, 2024.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on July 21, 2024.
What was OppFi Inc.'s former name?
OppFi Inc.'s former name was FG New America Acquisition Corp.
Where are OppFi Inc.'s principal executive offices located?
OppFi Inc.'s principal executive offices are located at 130 E. Randolph Street, Suite 3400, Chicago, Illinois 60601.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 529 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-07-23 19:22:27
Key Financial Figures
- $0.0001 — which registered Class A common stock, $0.0001 par value per share OPFI The New York S
- $11.50 — mon stock, each at an exercise price of $11.50 per share OPFI WS The New York Stock Ex
Filing Documents
- opfi-20240721.htm (8-K) — 24KB
- 0001818502-24-000011.txt ( ) — 191KB
- opfi-20240721.xsd (EX-101.SCH) — 2KB
- opfi-20240721_def.xml (EX-101.DEF) — 16KB
- opfi-20240721_lab.xml (EX-101.LAB) — 28KB
- opfi-20240721_pre.xml (EX-101.PRE) — 17KB
- opfi-20240721_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On July 21, 2024, OppFi Inc., a Delaware corporation (the "Company"), determined that the 25,500,000 earnout Class A common units (the "Earnout Units") of Opportunity Financial, LLC ("Opportunity Financial") issued pursuant to the Business Combination Agreement, dated February 9, 2021, by and among the Company, Opportunity Financial, OppFi Shares, LLC ("OFS") and the representative of the members of Opportunity Financial (the "Business Combination Agreement"), were not earned pursuant to the earnout provisions of the Business Combination Agreement on or prior to the third (3rd) year anniversary of the closing date of the Company's business combination. Accordingly, on such date the Earnout Units were forfeited, for no consideration, by the holders thereof to Opportunity Financial and the 25,500,000 shares of Class V common stock, par value $0.0001 per share, of the Company associated with the Earnout Units were forfeited, for no consideration, by OFS to the Company.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OPPFI INC. Date: July 23, 2024 By: /s/ Pamela D. Johnson Pamela D. Johnson Chief Financial Officer