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Opportunity Financial (OppFi) (FG New America Acquisition) Priced, NYSE: OPFI

Blank check company led by TD Ameritrade Chairman Joseph Moglia targeting insurtech and fintech businesses (completed 7/20/2021).

Industry: SPAC

First Day Return: +0.1%

Industry: SPAC

We are a newly organized blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While we may pursue an acquisition in any business industry or sector, we intend to concentrate our efforts identifying businesses in the insurance and financial services industry with an enterprise value of approximately $300 million to $600 million, with particular emphasis on businesses that are providing or changing technology for traditional financial services (“FinTech”), insurance (“InsureTech”), or other sectors where disruptive and/or adaptive technology or other factors are driving changes in a new era in the American business landscape. In addition, we intend to capitalize on the ability of our management team to identify, acquire, and manage a business in the insurance and financial services industry that can benefit from their experience and differentiated global network. We will seek to capitalize on the significant contacts and experience of our management team, including Joseph Moglia, our Chairman, Larry Swets, Jr., our Chief Executive Officer and Director, D. Kyle Cerminara, our President and Director, Robert Weeks and Nicholas Rudd, members of our board of directors, and Hassan Baqar, our Chief Financial Officer, as well as our Senior Advisor Allan Tessler.
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Opportunity Financial (OppFi) (FG New America Acquisition) (OPFI) Performance