FGNA - FG New America Acquisition receives stockholders approval on OppFi merger
Stockholders of special purpose acquisition corporation ((SPAC)) FG New America Acquisition (FGNA) have accepted all proposals related to the company's merger with financial technology platform Opportunity Financial.OppFi's financial technology platform enables banks to offer accessible products and a top-rated experience to everyday consumers. The company has facilitated the issuance of over 1.5M loans to date.The deal is expected to close on or about July 20, 2021. Upon closing, the combined entity will operate as OppFi Inc. Its Class A common shares and warrants will begin trading on the New York Stock Exchange under the symbols "OPFI" and OPFI WS," respectively, from July 21, 2021.FGNA has received elections to redeem ~14.8M of outstanding public shares, which will leave ~$91.6M in its trust account.Some notable read, FGNA's DeSPAC Could Present Opportunity
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FG New America Acquisition receives stockholders approval on OppFi merger