Benzinga | Jul 19, 2021 04:42PM EDT

FG New America Acquisition Corp. Reports Shareholders Approve Business Combo With OppFi

FG New America Acquisition Corp. (NYSE:FGNA) ("FGNA"), a special purpose acquisition corporation, today announced that FGNA's stockholders have approved all proposals related to the previously announced proposed business combination (the "Business Combination") with Opportunity Financial, LLC ("OppFi"), a leading financial technology platform that powers banks to serve the everyday consumer, at a special meeting in lieu of the 2021 annual meeting of its stockholders held on July 16, 2021.

The closing of the Business Combination is anticipated to occur on or about July 20, 2021. Following the closing, the combined company will operate as OppFi Inc. and its shares of Class A common stock and warrants are expected to trade on the New York Stock Exchange under the symbols "OPFI" and "OPFI WS," respectively, beginning July 21, 2021.

FGNA has received elections to redeem approximately 14.8 million of its outstanding public shares, which will leave approximately $91.6 million in its trust account.