FG New America Acquisition today in an 8-K filing provided an investor presentation on its proposed busines combination with Opportunity Financial.
The deal values the consumer fintech company at approximately $800 million. The business combination is expected to be funded through cash in trust.
Upon closing, the combined company’s common stock is expected to trade on the NYSE under OPFI. The deal is expected to close by the end of the second quarter, pending shareholder approval. Read more.
