Reinsurance and investment management firm FG Financial Group has announced the completion of FG New America Acquisition (FGNA) Corp’s previously announced business combination with OppFi.
The combination was approved by FGNA’s stockholders and sees the company now operating as OppFi, Inc.
OppFi’s Class A common stock and warrants began trading on the NYSE under the ticker symbols “OPFI” and “OPFI WS,” respectively, on Wednesday, July 21, 2021.
FG Financial Group owns 861,690 shares of Class A common shares of OppFi and 358,419 Class A warrants.
“We are excited to announce the combination of FGNA with OppFi” said Larry Swets, the Company’s Chief Executive Officer.
“FGNA was the first SPAC that we partnered with, and FG Financial is pleased to be shareholders in their business going forward, given OppFi’s impressive growth, profitability and ongoing opportunities for expansion, as they continue to build out their digital and data-driven platform of accessible financial products.
“We believe that FG Financial is well positioned to build on this initial success and look forward to new opportunities to allocate capital to SPAC and SPAC sponsor-related businesses for our shareholders.”