OppFi Announces Addition to Russell 2000 Index
June 27 2022 - 6:30AM
Business Wire
OppFi Inc. (NYSE: OPFI) (“OppFi” or the “Company”), a leading
financial technology platform that powers banks to help the
everyday consumer gain access to credit, today announced the
Company has been added to the Russell 2000® Index.
“We are excited to join the Russell 2000 Index during our first
year as a publicly-traded company,” said Todd Schwartz, Chief
Executive Officer and Executive Chairman of OppFi. “We believe this
development will enhance our profile with investors, as we work to
accomplish our mission to facilitate credit access to the 60
million Americans who are underserved by banks and other financial
institutions.”
Effective at the market open today, in addition to the Russell
2000 Index, OppFi will be included in the Russell 3000® Index, as
well as the Russell Microcap® Index.
Each year, FTSE Russell performs a reconstitution process for
its indexes, resulting in the ranking by market capitalization of
the 4,000 largest US stocks. Russell indexes are utilized by
investment managers and institutional investors for index funds and
as benchmarks for active investment strategies.
About OppFi
OppFi (NYSE: OPFI) is a leading financial technology platform
that powers banks to help the everyday consumer gain access to
credit. Through its unwavering commitment to customer service, the
Company supports consumers, who are turned away by mainstream
options, to build better financial health. In 2021, OppFi was
recognized by the Deloitte North America Technology Fast 500 for
the fourth consecutive year. OppFi maintains a 4.7/5.0 star rating
on Trustpilot with more than 3,000 reviews and an A+ rating from
the Better Business Bureau (BBB), making the Company one of the top
consumer-rated financial platforms online. For more information,
please visit oppfi.com.
Forward-Looking
Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. OppFi’s actual results
may differ from its expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," “possible,” "continue," and similar
expressions may identify forward-looking statements, but the
absence of these words does not mean that a statement is not
forward-looking. These forward-looking statements include, without
limitation, OppFi’s expectations with respect to its investor
profile, the future performance of OppFi’s platform and OppFi’s
expectations for its growth. These forward-looking statements are
based on OppFi’s current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. These forward-looking
statements involve significant risks and uncertainties that could
cause the actual results to differ materially from the expected
results. Most of these factors are outside OppFi’s control and are
difficult to predict. Factors that may cause such differences
include, but are not limited to: the impact of COVID-19 on OppFi’s
business; the impact of stimulus or other government programs; the
effects of inflationary pressures; whether OppFi will be successful
in obtaining declaratory relief against the Commissioner of the
Department of Financial Protection and Innovation for the State of
California; whether OppFi will be subject to AB 539; whether
OppFi’s bank partners will continue to lend in California and
whether OppFi’s financing sources will continue to finance the
purchase of participation rights in loans originated by OppFi’s
bank partners in California; the risk that the business combination
disrupts current plans and operations; the ability to recognize the
anticipated benefits of the business combination, which may be
affected by, among other things, competition, the ability of OppFi
to grow and manage growth profitably and retain its key employees;
risks related to new products; concentration risk; costs related to
the business combination; changes in applicable laws or
regulations; the possibility that OppFi may be adversely affected
by other economic, business, and/or competitive factors; risks
related to management transitions; and other risks and
uncertainties indicated from time to time in OppFi’s filings with
the United States Securities and Exchange Commission, in
particular, contained in the section or sections captioned “Risk
Factors.” OppFi cautions that the foregoing list of factors is not
exclusive, and readers should not place undue reliance upon any
forward-looking statements, which speak only as of the date made.
OppFi does not undertake or accept any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements to reflect any change in its expectations or any change
in events, conditions or circumstances on which any such statement
is based.
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