{"id":860381,"date":"2025-06-13T08:36:01","date_gmt":"2025-06-13T12:36:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/"},"modified":"2025-06-13T08:36:01","modified_gmt":"2025-06-13T12:36:01","slug":"findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/","title":{"rendered":"Findell Capital Provides Facts in Response to Oportun&#8217;s Misleading Narrative"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i>Highlights that the Improvement in the Company&#8217;s OpEx per Loan Was Driven by Findell&#8217;s Advocacy and its Identified Director Appointments \u2013 Not by Management or the Current Board<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>Reiterates its Belief That Additional Independence and Consumer Finance Industry Expertise Is Urgently Needed in the Boardroom to Achieve Oportun&#8217;s Full Potential<\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">June 13, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Findell Capital Partners, LP today issued the below letter to its fellow stockholders of Oportun Financial Corporation (NADSAQ: OPRT) (&#8220;Oportun&#8221; or the &#8220;Company&#8221;) to address the misleading statements included in Oportun&#8217;s recent materials.<\/p>\n<p class=\"prntac\">***<\/p>\n<p>Fellow Stockholders,<\/p>\n<p>Findell Capital Partners, LP (together with its affiliates, &#8220;Findell,&#8221; &#8220;we&#8221; or &#8220;us&#8221;) is the beneficial owner of approximately 7.4% of the outstanding common shares of Oportun Financial Corporation (&#8220;Oportun&#8221; or the &#8220;Company&#8221;), making us a top two stockholder. Given our multi-year investment in the Company and our involvement in the successful addition of independent lending experts <span class=\"xn-person\">Scott Parker<\/span> and <span class=\"xn-person\">Richard Tambor<\/span> to the Board of Directors (the &#8220;Board&#8221;) in 2024, we are intimately familiar with the operational and governance issues that are preventing Oportun from achieving its full potential.<\/p>\n<p>At the 2025 Annual Meeting of Stockholders (the &#8220;Annual Meeting&#8221;) on <span class=\"xn-chron\">July 18<\/span>, we are seeking to elect <span class=\"xn-person\">Warren Wilcox<\/span> to the Board to strengthen independent oversight of management and ensure the Board is no longer controlled by long-tenured directors resistant to change. Mr. Wilcox is a consumer finance and lending industry veteran who has no ties to Findell and whose appointment would, we believe, empower the Board to effectively oversee the business after years of what we can only describe as value-destructive acquisitions, slow operational improvements and entrenchment maneuvers.<\/p>\n<p>Recent communications from Oportun, including the <span class=\"xn-chron\">June 12<\/span><sup>th<\/sup> letter from outgoing Lead Independent Director <span class=\"xn-person\">Neil Williams<\/span>, apparently attempt to rewrite the Company&#8217;s history. We want to correct what we see as clearly false and misleading statements made by Oportun so you can make an informed decision at the Annual Meeting:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>OPORTUN&#8217;S CLAIM<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>THE FACTS<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Claiming that Oportun was proactive in right-sizing its cost structure beginning in mid-2022.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022 \u00a0This assertion directly contradicts management&#8217;s own statements and actions.<\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022 \u00a0Consider CEO Raul Vazquez&#8217;s remarks on a November 2022 conference call: <i>&#8220;So, we feel that the organization is right sized today\u2026 So, we actually think that our posture on expenses is very sustainable.&#8221;<\/i><\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022 \u00a0In FY 2022, Oportun&#8217;s operating expenditures were more than $600mm \u2013 having quadrupled from $162mm in 2016. In 2023, the company was generating fewer loan originations than they had in 2016 despite a cost structure that several folds higher.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Boasting about its insufficient February 2023 plan to reduce expenses by a paltry $38mm over the course of a year.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022\u00a0 That the Company thought $38mm in cost cuts was <i>&#8220;very disciplined&#8221;<\/i> speaks to how off base management was in assessing its own cost position.<sup>1<\/sup><\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022\u00a0 When we approached the Company in March 2023, we called for a minimum of $150mm in additional costs cuts and for Oportun to refocus on its core lending business. Management pushed back in our private calls before partially pivoting on costs, announcing an additional cost cut of $78mm-$83mm, far short of what we believed was necessary.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Excluding the fact that the Company was on the verge of bankruptcy at the time of its pivot on cost cuts.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022\u00a0 Unforced errors by the Board and management almost bankrupted the Company.<sup>2<\/sup> Oportun&#8217;s leadership does not deserve credit for narrowly avoiding this crisis of their own making.<\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022\u00a0 Given the further deterioration in Oportun&#8217;s credit performance over the 2023 period, the cost cuts required to right-size the business would grow considerably over the course of 2023.<\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022\u00a0 Management&#8217;s slow and insufficient cost cuts led to the dilution of 42% of Oportun&#8217;s outstanding shares from Q1 2023 to today.<sup>3<\/sup><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Ignoring Findell&#8217;s advocacy for better capital allocation and the impact that Scott Parker and Richard Tambor have had on the Company.<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022\u00a0 Operating metrics, such as cost per loan, only began to improve after our entreaties in early 2023.<\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022\u00a0 OpEx per loan flatlined again during the second half of 2023 until Mr. Parker and Mr. Tambor \u2013 who we identified \u2013 joined the Board and drove a much further reduction in the Company&#8217;s OpEx per loan.<\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2022\u00a0 OpEx per loan improved by 61% from the date of our first letter to Oportun in Q1 2023 through Q4 2024 with much of that reduction coming after the arrival of Scott Parker.<sup>4<\/sup><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>The attempts by the legacy Board members to take credit for these improvements are, in our view, part of a transparent effort to maintain their positions, despite a track record of poor total stockholder returns. The facts speak for themselves: the turnaround in Oportun&#8217;s operations is directly tied Findell&#8217;s engagement and the addition of Mr. Parker and Mr. Tambor.<\/p>\n<p class=\"prntac\">\n        <b><br \/>\n          <u>TOTAL STOCKHOLDER RETURNS: DIRECTOR TENURE<sup>5<\/sup><\/u><br \/>\n        <\/b>\n      <\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Raul Vazquez <\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(13 Years)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Jo Ann Barefoot<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(11 Years)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>R. Neil Williams<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(8 Years)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Louis B. Miramontes <\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(4 Years)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Ginny Lee <\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(4 Years)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Sandra Smith <\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(4 Years)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mohit Daswani<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(1 Year)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Carlos Minetti<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(1 Year)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Scott Parker<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(1 Year)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Richard Tambor<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(1 Year)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(55\u00a0%)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(55\u00a0%)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(55\u00a0%)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(55\u00a0%)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(72\u00a0%)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(72\u00a0%)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">+99\u00a0%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">+99\u00a0%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>+206\u00a0%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>+149\u00a0%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>Oportun is a great lending business. We are confident that strengthening the Board with directors who have lending experience and are capable of providing independent oversight will drive the Company to new heights. Allowing the legacy directors, who have no lending experience, to retain majority control of the Board will only put Oportun at long-term risk. The choice for stockholders is that simple.<\/p>\n<p>By voting for Mr. Wilcox, you will not only elect someone with a lifetime of experience in consumer lending, but you will also ensure that the future of your investment is not in the hands of entrenched Board members who have destroyed significant value and allowed management to make numerous strategic errors without accountability. We urge you to vote on the <b>WHITE<\/b> proxy card today to elect Mr. Wilcox.<\/p>\n<p>Sincerely,<br \/><span class=\"xn-person\">Brian Finn<\/span><br \/>CIO<br \/>Findell Capital<\/p>\n<p class=\"prntac\">***<\/p>\n<p class=\"prntac\">We urge stockholders to vote <b>FOR<\/b> the election of <span class=\"xn-person\">Warren Wilcox<\/span> and <b>AGAINST<\/b> the reelection of failed CEO <span class=\"xn-person\">Raul Vazquez<\/span> on the <b>WHITE<\/b> proxy card. Visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4448584-1&amp;h=951441554&amp;u=http%3A%2F%2Fwww.opportunityatoportun.com%2F&amp;a=www.OpportunityAtOportun.com\" target=\"_blank\" rel=\"nofollow\">www.OpportunityAtOportun.com<\/a> to learn more.<\/p>\n<p>Contact:<br \/>Findell Capital Management, LLC<br \/>88 Pine Street, 22nd Fl.<br \/><span class=\"xn-location\">New York, NY<\/span> 10005<br \/><a href=\"mailto:info@findell.us\" target=\"_blank\" rel=\"nofollow\">info@findell.us<\/a>\u00a0<\/p>\n<p>OR<\/p>\n<p>Saratoga Proxy Consulting LLC<br \/><span class=\"xn-person\">John Ferguson<\/span><br \/><a href=\"mailto:info@saratogaproxy.com\" target=\"_blank\" rel=\"nofollow\">info@saratogaproxy.com<\/a>\u00a0<\/p>\n<p>\n        <sup>1<\/sup> During\u00a0Oportun&#8217;s Q4 2022 earnings call, CFO <span class=\"xn-person\">Jonathan Coblentz<\/span> said the Company was &#8220;very disciplined about OpEx.&#8221;<br \/><sup>2<\/sup> As indicated by the company&#8217;s share price and deteriorating operating performance during 2023 and early 2024.<br \/><sup>3<\/sup> Company&#8217;s weighted average shares outstanding including warrants as reported on Form 10-Q.<br \/><sup>4<\/sup> Company financial reports on Form 10-Q,\u00a0Bloomberg.<br \/><sup>5<\/sup> Company proxy statement filed <span class=\"xn-chron\">May 28, 2025<\/span> and Bloomberg. Total stockholder returns as of 6\/12\/2025.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY09711&amp;sd=2025-06-13\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative-302480855.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative-302480855.html<\/a><\/p>\n<p>SOURCE  Findell Capital Management, LLC<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY09711&amp;Transmission_Id=202506130806PR_NEWS_USPR_____NY09711&amp;DateId=20250613\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Highlights that the Improvement in the Company&#8217;s OpEx per Loan Was Driven by Findell&#8217;s Advocacy and its Identified Director Appointments \u2013 Not by Management or the Current Board Reiterates its Belief That Additional Independence and Consumer Finance Industry Expertise Is Urgently Needed in the Boardroom to Achieve Oportun&#8217;s Full Potential NEW YORK , June 13, 2025 \/PRNewswire\/ &#8212; Findell Capital Partners, LP today issued the below letter to its fellow stockholders of Oportun Financial Corporation (NADSAQ: OPRT) (&#8220;Oportun&#8221; or the &#8220;Company&#8221;) to address the misleading statements included in Oportun&#8217;s recent materials. *** Fellow Stockholders, Findell Capital Partners, LP (together with its affiliates, &#8220;Findell,&#8221; &#8220;we&#8221; or &#8220;us&#8221;) is the beneficial owner of approximately 7.4% of the outstanding common shares &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Findell Capital Provides Facts in Response to Oportun&#8217;s Misleading Narrative&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-860381","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Findell Capital Provides Facts in Response to Oportun&#039;s Misleading Narrative - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Findell Capital Provides Facts in Response to Oportun&#039;s Misleading Narrative - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Highlights that the Improvement in the Company&#8217;s OpEx per Loan Was Driven by Findell&#8217;s Advocacy and its Identified Director Appointments \u2013 Not by Management or the Current Board Reiterates its Belief That Additional Independence and Consumer Finance Industry Expertise Is Urgently Needed in the Boardroom to Achieve Oportun&#8217;s Full Potential NEW YORK , June 13, 2025 \/PRNewswire\/ &#8212; Findell Capital Partners, LP today issued the below letter to its fellow stockholders of Oportun Financial Corporation (NADSAQ: OPRT) (&#8220;Oportun&#8221; or the &#8220;Company&#8221;) to address the misleading statements included in Oportun&#8217;s recent materials. *** Fellow Stockholders, Findell Capital Partners, LP (together with its affiliates, &#8220;Findell,&#8221; &#8220;we&#8221; or &#8220;us&#8221;) is the beneficial owner of approximately 7.4% of the outstanding common shares &hellip; Continue reading &quot;Findell Capital Provides Facts in Response to Oportun&#8217;s Misleading Narrative&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-13T12:36:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY09711&amp;sd=2025-06-13\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Findell Capital Provides Facts in Response to Oportun&#8217;s Misleading Narrative\",\"datePublished\":\"2025-06-13T12:36:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/\"},\"wordCount\":1077,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=NY09711&amp;sd=2025-06-13\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/\",\"name\":\"Findell Capital Provides Facts in Response to Oportun's Misleading Narrative - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=NY09711&amp;sd=2025-06-13\",\"datePublished\":\"2025-06-13T12:36:01+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/#primaryimage\",\"url\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=NY09711&amp;sd=2025-06-13\",\"contentUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=NY09711&amp;sd=2025-06-13\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Findell Capital Provides Facts in Response to Oportun&#8217;s Misleading Narrative\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Findell Capital Provides Facts in Response to Oportun's Misleading Narrative - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/","og_locale":"en_US","og_type":"article","og_title":"Findell Capital Provides Facts in Response to Oportun's Misleading Narrative - Market Newsdesk","og_description":"PR Newswire Highlights that the Improvement in the Company&#8217;s OpEx per Loan Was Driven by Findell&#8217;s Advocacy and its Identified Director Appointments \u2013 Not by Management or the Current Board Reiterates its Belief That Additional Independence and Consumer Finance Industry Expertise Is Urgently Needed in the Boardroom to Achieve Oportun&#8217;s Full Potential NEW YORK , June 13, 2025 \/PRNewswire\/ &#8212; Findell Capital Partners, LP today issued the below letter to its fellow stockholders of Oportun Financial Corporation (NADSAQ: OPRT) (&#8220;Oportun&#8221; or the &#8220;Company&#8221;) to address the misleading statements included in Oportun&#8217;s recent materials. *** Fellow Stockholders, Findell Capital Partners, LP (together with its affiliates, &#8220;Findell,&#8221; &#8220;we&#8221; or &#8220;us&#8221;) is the beneficial owner of approximately 7.4% of the outstanding common shares &hellip; Continue reading \"Findell Capital Provides Facts in Response to Oportun&#8217;s Misleading Narrative\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/","og_site_name":"Market Newsdesk","article_published_time":"2025-06-13T12:36:01+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY09711&amp;sd=2025-06-13","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Findell Capital Provides Facts in Response to Oportun&#8217;s Misleading Narrative","datePublished":"2025-06-13T12:36:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/"},"wordCount":1077,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY09711&amp;sd=2025-06-13","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/","name":"Findell Capital Provides Facts in Response to Oportun's Misleading Narrative - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY09711&amp;sd=2025-06-13","datePublished":"2025-06-13T12:36:01+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/#primaryimage","url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY09711&amp;sd=2025-06-13","contentUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY09711&amp;sd=2025-06-13"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-capital-provides-facts-in-response-to-oportuns-misleading-narrative\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Findell Capital Provides Facts in Response to Oportun&#8217;s Misleading Narrative"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/860381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=860381"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/860381\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=860381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=860381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=860381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}