FG New America Acquisition Corp.
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ROIC.AI
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- FG New America Acquisition Corp. (NYSE: FGNA) is a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company focuses on targets in the financial services sector, with particular emphasis on InsureTech, FinTech, insurance and financial services technology providers, as well as select consumer businesses; it does not have independent products or services and generates no operational revenue prior to completing a transaction. FG New America Acquisition Corp. was founded in 2020 and is headquartered at 105 S. Maple Street in Itasca, Illinois. The company completed its initial public offering in September 2020, raising $237.75 million, which was followed by the announcement in February 2021 of a proposed business combination with Opportunity Financial, LLC (OppFi), a financial technology platform offering digital lending services to underserved consumers. Shareholders approved the transaction on July 16, 2021, and the merger closed on July 20, 2021, with FGNA units separating into shares and warrants of the combined entity, OppFi Inc. (NYSE: OPFI); FGNA's public units were delisted from the NYSE thereafter, marking the SPAC's liquidation as a standalone entity.
INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates FG New America Acquisition Corp.’s Directors and Officers for Breach of Fiduciary Duties – OPFI, FGNA
Opportunity Financial (“OppFi”) and FG New America Acquisition Corp. Complete Business Combination
Opportunity Financial (“OppFi”) and FG New America Acquisition Corp. Complete Business Combination
FG New America Acquisition Corp. Stockholders Approve Business Combination With OppFi
OppFi The Next Upstart
FG New America Acquisition Corp. Announces Special Meeting Date to Approve Proposed Business Combination With Opportunity Financial
FG New America Acquisition Corp. Announces Special Meeting Date to Approve Proposed Business Combination With Opportunity Financial
OppFi Named a Crain’s Fast 50 Company for the Third Consecutive Year
OppFi Announces New Relationship with Best Money Moves to Expand Credit Access Through Employers with SalaryTap
FGNA: OppFi, Not All SPACs Are Created Equal
OppFi Expands SalaryTap Product Nationally to Broaden Credit Access
OppFi And FGNA: A SPAC Merger With A High-Growth Fintech Sub-Prime Lending Platform
53% of Credit-Challenged Americans Are Doing Worse Financially a Year into Pandemic Finds OppFi Survey
OppFi Teams Up with Mastercard, First Electronic Bank and Deserve to Introduce OppFi Card
Fintech OppFi Gets SPAC Deal From Former TD Ameritrade CEO