[SCHEDULE 13G] OppFi Inc. SEC Filing
Rhea-AI Filing Summary
Aristeia Capital, L.L.C. reported beneficial ownership of 1,509,569 warrants of OppFi Inc., representing approximately 5.14% of the class when including those warrants in the share count. Each warrant is exercisable for one share of Class A common stock at an exercise price of $11.50. The percentage was calculated using a combined total of 29,377,824 (27,868,255 shares outstanding plus the number of warrants).
The filing states the warrants are held in the ordinary course of business and not for the purpose of changing or influencing control. The reporting person discloses sole voting and dispositive power over the 1,509,569 warrants.
Positive
- Clear disclosure of holdings: Reporting Person beneficially owns 1,509,569 warrants.
- Quantified stake: Position represents 5.14% of the class on the filing's stated basis.
- Exercise terms disclosed: Each warrant exercisable at $11.50 per share.
- Passive intent certified: Filing states holdings were acquired and are held in the ordinary course and not to influence control.
Negative
- None.
Insights
TL;DR: Aristeia holds 1.51M OppFi warrants (5.14%), disclosed as a passive holding with sole voting and dispositive power.
The Schedule 13G shows Aristeia Capital beneficially owns 1,509,569 warrants exercisable at $11.50, representing 5.14% of the combined class used in the filing's calculation (29,377,824). The filing explicitly states the position was acquired and is held in the ordinary course of business and not to influence control. For investors, this is a transparent passive disclosure of a meaningful warrant position rather than an active change-in-control intent.
TL;DR: Disclosure is material in size but classified as non-control; sole dispositive power is notable but stated as passive.
Aristeia reports sole voting and dispositive power over the 1,509,569 warrants, which could translate to influence if exercised, but the filer certifies passive intent. The filing quantifies the calculation base (27,868,255 shares plus warrants = 29,377,824), supporting the 5.14% figure. This Schedule 13G fulfills statutory transparency requirements without asserting a governance change strategy.