Earnings Rebound and Credit Performance
Pro Forma Share Count as of September 30, 2023
Shares
Class A Common Stock
Share Price
$10.00 $12.00 | $13.00
17,411,842 17,411,842
$13.00 $14.00
17,411,842
17,411,842
Notes
Class V Common Stock
Held for the benefit of Pre-Business
Combination OppFi Equity holders
67,680,736 67,680,736
67,680,736
67,680,736
Total Currently Issued and
Outstanding Shares
85,092,578
85,092,578
85,092,578
85,092,578
of Common Stock
Earn-Out Shares
8,500,000
17,000,000
(including
8,500,000 units
that would have
vested at $12)
25,500,000
(including
8,500,000 units
that would have
vested at each of
$12 and $13)
Excludes 25,500,000 shares of Class V Common Stock outstanding with
respect to Earn Out Units held by pre-business combination OppFi equity
holders, which vest and are subject to forfeiture as discussed below
Excludes 25,500,000 shares of Class V Common Stock outstanding with
respect to Earn Out Units held by pre-business combination OppFi equity
holders, which vest and are subject to forfeiture as discussed below
Earn-Out Shares represent shares of Class V Common Stock that related to a
total of 25,500,000 Earn Out Units held by pre-business combination OppFi
equity holders, which vest in three tranches when the volume weighted
average price (VWAP) of the Class A Common Stock equals or exceeds each
of $12.00, $13.00 and $14.00 for any 20 out of 30 consecutive trading days
over the first 36 months after closing, and with respect to which Class V
Common Stock is currently outstanding and subject to vesting and forfeiture
Forfeited after 3-year anniversary of closing date if vesting conditions above
are not met
Total Outstanding Shares of Common
85,092,578
Stock Giving Effect to Earn-Outs
93,592,578
102,092,578
110,592,578
Note: This presentation is not a complete summary of all relevant terms, conditions and information related to the capital structure of OppFi Inc. For more information, see the
Company's filings with the SEC, including the Annual Report on Form 10-K filed by the Company with the SEC on March 29, 2023 and subsequent Quarterly Reports on Form 10-Q.
This presentation excludes:
703,914 shares repurchased and held as Treasury Stock
14,426,937 warrants to purchase shares of Class A Common Stock at $11.50 per share
912,500 warrants to purchase shares of Class A Common Stock at $15.00 per share
11,921,735 shares of Class A Common Stock issuable under the Company's 2021 Equity Incentive Plan
19
1,249,670 shares of Class A Common Stock issuable under the Company's 2021 Employee Stock Purchase Plan
OppFi"View entire presentation