Findell Capital Reiterates Desire for Compromise at Oportun Financial and Issues Statement on Behalf of Scott Parker

Rhea-AI Summary

Findell Capital Partners, a major stockholder of Oportun Financial Corporation (NASDAQ: OPRT), has issued a statement reiterating its desire for a compromise with the company. Findell advocates for the addition of Warren Wilcox to Oportun's Board of Directors and supports the continued service of Scott Parker, a former independent director with public company CFO and consumer lending executive experience.

Findell expressed concern over the company spending millions in stockholder capital to oppose one of its largest owners and emphasized its willingness to engage in discussions that would benefit all stockholders. Scott Parker separately stated his willingness to continue serving as a board member, citing his experience and industry knowledge as valuable assets for enhancing shareholder value through board oversight.

Positive

• None.

Negative

• Ongoing conflict between major shareholder and company management
• Company reportedly spending millions in stockholder capital on dispute
• Loss of experienced board member Scott Parker

News Market Reaction

-5.87%

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-5.87% News Effect

On the day this news was published, OPRT declined 5.87%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, June 30, 2025 /PRNewswire/ -- Findell Capital Partners, LP, (together with its affiliates, "Findell," "we" or "us") one of the largest stockholders of Oportun Financial Corporation (NASDAQ: OPRT) ("Oportun" or the "Company"), today issued the following statement:

"We remain committed to reaching a good faith settlement with the Company in order to resolve this situation in a manner that can benefit all stockholders. We firmly believe that compromise can result in improved corporate governance and enhanced value creation under the leadership of directors that possess lending expertise.

We believe those goals can be accomplished by the addition of the experienced and highly qualified Warren Wilcox to the Company's Board of Directors. We also believe stockholders would be well served by the continued service of Scott Parker, who brought necessary expertise as a former public company CFO and consumer lending executive to his role as a director.

We urge the Board to put an end to the millions of dollars in stockholder capital that is being wasted to fight one of the Company's largest owners. We are ready and willing to engage with the Company on an outcome that will benefit all stockholders."

Scott Parker, former independent director on the Company's Board, added:

"I was willing to serve as a board member and continue to believe my prior experience and industry knowledge can help further enhance shareholder value at Oportun through strong board oversight."

Contact:

Findell Capital Management, LLC

88 Pine Street, 22nd Fl.

New York, NY 10005

info@findell.us

OR

Saratoga Proxy Consulting LLC

John Ferguson

info@saratogaproxy.com

View original content:https://www.prnewswire.com/news-releases/findell-capital-reiterates-desire-for-compromise-at-oportun-financial-and-issues-statement-on-behalf-of-scott-parker-302494743.html

SOURCE Findell Capital Management, LLC

FAQ

What is Findell Capital Partners requesting from Oportun Financial (NASDAQ: OPRT)?

Findell Capital is requesting a compromise that includes adding Warren Wilcox to the Board of Directors and maintaining Scott Parker's service as a director to enhance corporate governance and value creation.

Who is Scott Parker and what is his role at Oportun Financial (OPRT)?

Scott Parker is a former independent director of Oportun Financial with experience as a public company CFO and consumer lending executive.

What concerns has Findell Capital raised about Oportun Financial's (OPRT) current situation?

Findell Capital has expressed concern about Oportun spending millions in stockholder capital to fight one of its largest owners, calling for an end to this expenditure.

What solution is Findell Capital proposing for Oportun Financial (NASDAQ: OPRT)?

Findell Capital is proposing a compromise that would improve corporate governance through the addition of Warren Wilcox to the board and the continued service of Scott Parker as director.