OOppFi Settlements

FG New America (OppFi SPAC) $13M Stockholder Settlement

$13 million settlement of a Delaware Court of Chancery stockholder class action (Murray v. Moglia, C.A. No. 2023-0737-PAF) alleging FG New America SPAC directors and sponsors impaired public stockholders' redemption rights ahead of the OppFi merger. Defendants deny wrongdoing; payments are pro rata to eligible shares. Who is eligible: Record and beneficial holders of FG New America Acquisition Corp. (FGNA) Class A common stock as of the July 14, 2021 5:00 PM ET redemption deadline who elected not to redeem all or some of their shares (defendants and affiliates excluded).