Schwartz Amends 13D Filing for OppFi Inc.

TL;DR

Schwartz's group updated their OppFi stake filing - watch this space.

AI Summary

On July 23, 2024, Todd G. Schwartz, through various entities including OppFi Shares, LLC, filed an amendment to Schedule 13D concerning OppFi Inc. This filing indicates a change in beneficial ownership, with Schwartz and his associated groups now holding a significant stake in the company.

Why It Matters

This amendment signals a potential shift in control or influence over OppFi Inc. by Todd G. Schwartz and his affiliated entities, which could impact the company's strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or shifts in major shareholder strategy, potentially leading to increased volatility.

Key Players & Entities

• OppFi Inc. (company) — Subject company
• Todd G. Schwartz (person) — Filing person
• OppFi Shares, LLC (company) — Filing entity
• LTHS CAPITAL GROUP LP (company) — Group member
• TGS CAPITAL GROUP, LP (company) — Group member
• Joshua M. Samek, Esq. (person) — Copy to counsel
• Sidley Austin LLP (company) — Counsel for filing person

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti
• $806,517,000 — Business Combination was approximately $806,517,000, after giving effect to the estimated p
• $91,646,050 — (i) cash consideration in the amount of $91,646,050 (the Cash Consideration ), equal to the

Filing Documents

• d870456dsc13da.htm (SC 13D/A) — 165KB
• d870456dex991.htm (EX-99.1) — 11KB
• 0001193125-24-183106.txt ( ) — 178KB

From the Filing

SC 13D/A 1 d870456dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* OppFi Inc. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 68386H 103 (CUSIP Number) Todd G. Schwartz c/o OppFi Shares, LLC 130 E. Randolph Street, Suite 3400 Chicago, IL 60601 Copy to: Joshua M. Samek, Esq. Sidley Austin LLP 1001 Brickell Bay Drive, Suite 900 Miami, FL 33131 (305) 391-5100 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 21, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 68386H 103 Page 2 of 16 1 Names of Reporting Persons Todd G. Schwartz 2 Check the Appropriate Box if a Member of a Group (a)(b) 3 SEC Use Only 4 Source of Funds (See Instructions) PF, OO 5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 Sole Voting Power 18,484(1) 8 Shared Voting Power 65,967,665(2) 9 Sole Dispositive Power 18,484(1) 10 Shared Dispositive Power 65,967,665(2) 11 Aggregate Amount Beneficially Owned by Each Reporting Person 65,986,149 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 77.2%(3) 14 Type of Reporting Person IN (1) Represents 18,484 shares of Class A common stock, par value $0.0001 per share ( Class A Common Stock ), held directly by Todd G. Schwartz. (2) Represents (i) 65,440,466 shares of Class V common stock, par value $0.0001 per share ( Class V Voting Stock ), held of record by OppFi Shares, LLC ( OFS ), for which Todd G. Schwartz may be deemed to be a beneficial owner and (ii) 527,199 shares of Class A Common Stock held of record by TGS Revocable Trust, for which Todd G. Schwartz may be deemed to be a beneficial owner. (3) All percentage calculations herein are based on 20,008,290 shares of Class A Common Stock and 65,440,466 shares of Class V Voting Stock outstanding as of July 21, 2024. CUSIP No. 68386H 103 Page 3 of 16 1 Names of Reporting Persons TGS Revocable Trust 2 Check the Appropriate Box if a Member of a Group (a)(b) 3 SEC Use Only 4 Source of Funds (See Instructions) PF, OO 5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 Sole Voting Power 0 8 Shared Voting Power 65,967,665 (1) 9 Sole Dispositive Power 0 10 Shared Dispositive Power 65,967,665 (1) 11 Aggregate Amount Beneficially Owned by Each Reporting Person 65,967,665 (1) 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 77.2%(2) 14 Type of Reporting Person OO (1) Represents (i) 65,440,466 shares of Class V Voting Stock held of record by OFS, which is wholly owned by TGS Revocable Trust, whose sole trustee is Todd G. Schwartz and (ii) 527,199 shares of Class A Common Stock held of record by TGS Revocable Trust, whose sole trustee is Todd G. Schwartz. (2) All percentage calculations herein are based on 20,008,290 shares of Class A Common Stock and 65,440,466 shares of Class V Voting Stock outstanding as of July 21, 2024. CUSIP No. 68386H 103 Page 4 of 16 1 Names of Reporting Persons OppFi Shares, LLC 2 Check the Appropriate Box if a Member of a Group (a)(b) 3 SEC Use Only 4 Source of Funds (See Instructions) OO 5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization De

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